Regulatory Alerts2026-01-16
SEBI Circular on SWAGAT-FI Framework for FPIs and FVCIs
The Securities and Exchange Board of India (SEBI) issued this circular to implement the Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework, modifying operational guidelines for Foreign Venture Capital Investors (FVCIs) and Foreign Portfolio Investors (FPIs). The regulations allow eligible applicants to register as both FVCIs and FPIs simultaneously using existing documentation and extend the KYC review periodicity to ten years for SWAGAT-FI entities. These provisions, which require designated depository participants to update their systems, come into force on June 1, 2026.
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