Sebi proposes FPI registration revamp, simpler compliance

• Sebi proposes comprehensive overhaul of FPI framework.
• Aims to streamline registration, enhance ease of doing business, and simplify compliance for global investors.
• Suggests simplified registration for certain FPI categories, including an abridged application option.
• Proposes clearer KYC rules, beneficial owner identification, and dedicated frameworks for various FPI types.
• Updates Master Circular for FPIs and DDPs, consolidating rules and procedures since May 2024.

Why It Matters: Sebi's FPI reforms simplify foreign investment, potentially boosting Indian markets.