Securities and Exchange Board of India (Foreign Institutional Investors) (Amendment) Regulations, 2010

No. LAD-NRO/GN/2010-11/02/1107. In exercise of the powers conferred by section 30 of
the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes
the following Regulations to further amend the Securities and Exchange Board of India
(Foreign Institutional Investors) Regulations, 1995, namely:-

1. These regulations may be called the Securities and Exchange Board of India (Foreign
Institutional Investors) (Amendment) Regulations, 2010.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Foreign Institutional Investors)
Regulations, 1995 –

(i) in regulation 15, in sub-regulation (3),-

(a) in clause (a), after second proviso, the following proviso shall be inserted, namely:-
“Provided further that nothing contained in this clause shall apply to any transaction
in securities by the Foreign Institutional Investor pursuant to an agreement entered
into with the merchant banker in the process of market making or subscribing to
unsubscribed portion of the issue in accordance with Chapter XA of the Securities
and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009.”

(b) in clause (c), after sixth proviso, the following proviso shall be inserted, namely:-

“Provided further that nothing contained in this clause shall apply to any
transaction in securities by the Foreign Institutional Investor pursuant to an
agreement entered into with merchant banker in the process of market making or
subscribing to unsubscribed portion of the issue in accordance with Chapter XA of
the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009.”