P-Notes Flashcards
1
Q
What are P-Notes ?
A
Participatory Notes
2
Q
Where are they used ?
A
It is used by overseas market participants that dont want to get registered as FII’s
3
Q
Are P-notes issued in India ?
A
NO , these are issued by FPI’s to overseas investors
4
Q
Who does FII’s have to periodically report regarding P-notes ?
A
To SEBI on P-note issuance without the need to name the the financial benificiary
