Regulatory Alerts2024-05-30
Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors
The Securities and Exchange Board of India issued this Master Circular to consolidate and supersede previous regulations governing Foreign Portfolio Investors, Designated Depository Participants, and Eligible Foreign Investors. The document establishes comprehensive requirements for FPI registration, including the use of the Common Application Form, Know Your Client procedures, and strict eligibility checks regarding country residency and investor group composition. It further details investment conditions, position limits across various asset classes, and specific guidelines for Eligible Foreign Investors operating within the International Financial Services Centre.
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