2026-01-16
The Securities and Exchange Board of India (SEBI) has amended the FPI Master Circular to introduce the Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework. This initiative simplifies onboarding and ongoing compliance for eligible entities, including government investors, regulated mutual funds, insurance companies, and pension funds, by granting them a 10-year registration validity and decennial KYC review cycles. The provisions, which include unified accounting experiences and specific eligibility criteria for identified jurisdictions, come into force on June 1, 2026.