Regulatory Alerts2025-12-03
Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) issued the Second Amendment Regulations, 2025, to further amend the Foreign Portfolio Investors Regulations, 2019. The amendments introduce a new 'SWAGAT-FI' category for trusted foreign investors, including government entities and public retail funds, and update eligibility criteria and fee structures for Alternative Investment Funds and Retail Schemes. Additionally, the regulations mandate that SWAGAT-FIs pay registration fees in advance for every ten-year block of their registration validity.
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