India Proposes More Disclosures from 'High-Risk' Foreign Funds.

The Securities and Exchange Board of India in a consultation paper Wednesday defined "high-risk" foreign portfolio investors and said these funds must comply with additional disclosure requirements within six months after the norms are implemented. (Bloomberg) -- India's capital markets regulator proposes to seek more disclosures from foreign funds with large holdings in local stocks or companies, amid criticism about lack of oversight over inflows into sprawling conglomerates such as the Adani Group. India Proposes More Disclosures from "High-Risk" Foreign Funds. [Extracted from the article]