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Sebi plans data format change for FII reports
Foreign institutional investors (FIIs) would soon have to follow a new data reporting format known as eXtensible Business Reporting Language (XBRL). This format is being followed by domestic mutual funds.
The Securities and Exchange Board of India (Sebi) plans to implement this move as one of the measures to strengthen the know-your-customer norms for FIIs and to bring in more transparency on the
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