Question:
Which among the following is/are correct about participatory notes or P-Notes?
Which among the following is/are correct about participatory notes or P-Notes?
Updated On: Sep 23, 2024
- They are derivative instruments
- They are used by Foreign Institutional Investors (FIIs) who are not registered with SEBI.
- They are used on Indian shares but at a location outside India
- All of the above
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The Correct Option is D
Solution and Explanation
Participatory notes (P-notes) are derivative instruments used by Foreign Institutional Investors (FIIs) who are not registered with SEBI.These instruments are used to invest in Indian shares but at a location outside India. Therefore, all of the options mentioned are correct statements about P-notes..So the correct option is (b) :
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