The Securities and Exchange Board of India (Sebi) in August introduced the concept of "accredited investor" in investment advisers (IA) and portfolio managers rules.
Multiple FPI lobbies have over the past six months told the finance ministry and Sebi the technical difficulties of a T+1 settlement which none of the large markets have.
Separate guidelines dealing with the procedure to be adopted for arriving at suitable terms pursuant to the filing of a compounding application will be issued.