Which Indian organization has recently made it mandatory for Participatory Notes (P-Notes) users to follow Indian anti-money laundering laws?

Which Indian organization has recently made it mandatory for Participatory Notes (P-Notes) users to follow Indian anti-money laundering laws?
[A]Reserve Bank of India (RBI)
[B]Securities and Exchange Board of India (SEBI)
[C]Export-Import Bank of India (EXIM Bank)
[D]Industrial Finance Corporation of India (IFCI)

Securities and Exchange Board of India (SEBI)
The market watchdog Securities and Exchange Board of India (SEBI) has recently made mandatory for Participatory Notes (P-Notes) users to follow Indian anti-money laundering laws and report any suspicious transactions immediately. The issuers of P-Notes would have to conduct periodic review and report the complete transfer trail of P-Notes to SEBI on a monthly basis in addition to the present requirement of reporting details of their holders. The P-Notes are typically instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in Indian markets without registering themselves directly in India to save on time.


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