Cayman funds eyeing India

| 10/08/2009

(DNA India) A flood of funds may be waiting to rush into India, this time from the Cayman Islands. The Securities and Exchange Board of India (SEBI) is said to be in talks with its counterpart, the Cayman Islands Monetary Authority (Cima), over allowing funds based in the Caribbean tax haven into the country. The regulator has reportedly received numerous applications from Cayman-based funds since CIMA was admitted as a full member of the international body of securities market regulators, the International Organisation of Securities Commissions (IOSC), on 10 June.


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