Who approved a new KYC norms for Foreign Portfolio Investors? – InterviewSolution

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1.	Who approved a new KYC norms for Foreign Portfolio Investors?
Answer» The Securities and Exchange Board of India (SEBI) approved norms for settlement of cases and new KYC norms for Foreign Portfolio Investors. SEBI has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities. SEBI chairman also said that the mutual fund expenses will be brought down considering economies of scale.

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