The Communist Party of India and saffron party BJP opposed the relaxation in the norms of Participatory Notes (PNs) by the Security and Exchange Board of India (SEBI). 

Both parties demanded the roll back of relaxed restrictions. CPI said that the norms are amended to benefit some private players. It is the gross violation of role of SEBI. The party advised the government to learn a lesson from the US financial crisis and tighten the regulations for funds flow to avoid slow down in the Indian financial system.
Earlier, SEBI had lifted 40 percent cap on the total assets held by the FIIs under PNs.

SEBI had imposed ceiling in October last year. The decision was aimed to check flow of funds from anonymous sources in the Indian finance system. 

The former BJP MP and its national executive member, Kirit Somaya expressed surprise at the decision. He said it would bring artificial boom in the stock market of India. He also said that it is the self contradictory stance of the finance minister who advocated restrictions on entry of hot money in the country.