Securities and Exchange Board of India, SEBI, has said that it will look into the suggestions of the Special Investigation Team, SIT, on black money, to ensure sufficient checks are in place with respect to overseas investments via Participatory Notes or P-Notes route. Talking to media persons in Mumbai, SEBI's board member S Raman said SEBI will address the concerns raised by SIT.<br/><br/>The SIT on black money had recently suggested that SEBI should put in place an effective mechanism to monitor any unusual rise in stock prices and inform other agencies like Central Board of Direct Taxation and Financial Intelligence Unit for necessary action. The panel also suggested that the market regulator should find out beneficial ownership of P-Notes.<br/><br/>P-Notes are instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in the domestic stock markets without registering themselves with the market regulator.