SBF in Custody Until February 8 as Financial Market Participants Request Sebi Revise Data Storage Rules

In a discussion paper published at the beginning of November, India's markets regulator Sebi outlined a plan to require regulated businesses, including foreign portfolio investors (FPIs), to move their data storage and processing operations to India. An organization that speaks for large financial institutions like Citi and Amundi has spoken out against the initiative, citing international examples of failure.

International inves....