South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.
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Finance Minister P. Chidambaram tells AsianInvestor that streamlining technical barriers for foreign portfolio investors is a priority.
The French firm did not comply with regulations on treating clients as professional investors nor keeping adequate records of investment advice to customers between 2004 and 2010.
