Regulatory Alerts2025-09-10
Ease of regulatory compliances for FPIs investing only in Government Securities
The Securities and Exchange Board of India (SEBI) has amended the FPI Master Circular to reduce compliance burdens for Foreign Portfolio Investors investing exclusively in Government Securities. These GS-FPIs are exempt from furnishing investor group details, submitting periodic information changes, and providing KYC declarations, while their KYC review periodicity is harmonized with RBI bank account requirements. The regulations, effective from February 8, 2026, also establish a formal mechanism for transitioning between regular FPI and GS-FPI statuses.
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