Sebi hikes registration fees for FIIs to $10,000

Market regulator Securities and Exchange Board of India on Thursday revised the registration fees for the Foreign Institutional Investors (FIIs) to $10,000 from $5,000 previously.

By PTI | Jul 13, 2006, 09.00 PM IST

MUMBAI: Market regulator Securities and Exchange Board of India on Thursday revised the registration fees for the Foreign Institutional Investors (FIIs) to $10,000 from $5,000 previously.

The revised registration fee would be effective from June 26, a SEBI notification said.

SEBI has also revised the registration validity period for the FIIs from five years to three years, it added.

Further SEBI revised the registration fees for the sub-accounts maintained by the FIIs to $2,000 from $1,000.

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