The Securities and Exchange Board of India (SEBI) on September 24, 2024, issued a Consultation Paper on Draft Circular for Simplified Registration for Foreign Portfolio Investors (FPIs).
It is observed that, in case of certain categories of FPI applicants, some of the relevant information is either already captured in Depositories’ CAF module or not applicable to such FPI applicants. It is seen that such information amounts upto around 45%of the number of fields in CAF.
Accordingly, in order to save significant time and efforts for aforementioned FPI applicants, in terms of reviewing the application and signing the CAF, it is proposed to seek only such information that is unique to the aforesaid applicants. This accounts for around 55% of the number of fields in CAF that is presently required to be filled by such FPI applicants.
The objective of this consultation paper is to seek comments/views/suggestions from the public on the draft circular titled “Simplified registration for Foreign Portfolio Investors (FPIs)” (placed at Annexure -A).
Public comments areinvited on the draft circular annexed to this consultation paper. The comments/suggestions should be submitted latest by October 15, 2024, through the following link:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComm
