SEBI has issued a Consultation paper on “Simplified registration for Foreign Portfolio Investors (FPIs)”. In terms of SEBI’s Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors dated May 30, 2024, every FPI applicant is required tos ubmit a duly filled and signed Common Application Form (CAF) and ‘Annexure to CAF’ supported by required documents for registration. It is observed that, in case of certain categories of FPI applicants, some of the relevant information is either already captured in Depositories’ CAF module or not applicable to such FPI applicants. It is seen that such information amounts up to around 45% of the number of fields in CAF.
Accordingly, in order to save significant time and efforts for aforementioned FPI applicants, in terms of reviewing the application and signing the CAF, it is proposed to seek only such information that is unique to the aforesaid applicants. This accounts for around 55% of the number of fields in CAF that is presently required to be filled by such FPI applicants.
The objective of this consultation paper is to seek comments/ views/ suggestions from the public on the draft circular titled “Simplified registration for Foreign Portfolio Investors (FPIs)”. Public comments should be submitted latest by October 15, 2024 online.
