India Eases Disclosure Norm for Global Funds as Market Grows (1)

India’s securities market regulator Monday approved raising the threshold for granular disclosures on ultimate beneficial ownership of global funds less than two years after the rule was implemented, citing growth in volume of shares traded in the country’s stock market.

Global funds with assets under management of less than 500 billion rupees ($5.8 billion) in the local stock market will be exempted from making additional disclosures, up from 250 billion rupees earlier, the Securities and Exchange Board of India said in a statement following a meeting of its board.

The relaxation comes amid one of the biggest exodus of foreign ...