SEBI to Ease FPI, Intermediary, REIT/InvIT Norms; Netting of Funds Likely

• SEBI board to discuss key proposals including netting of funds for FPIs, easing 'Fit and Proper' criteria for intermediaries, and relaxing REIT/InvIT norms.
• Netting of funds for FPIs aims to reduce liquidity pressure and funding costs by allowing same-day sale proceeds to meet purchase obligations.
• Revised 'Fit and Proper' criteria for intermediaries will trigger disqualification only for conviction in economic offenses/securities law violations, not just FIR/charge sheet filing.
• REIT and InvIT regulations to be eased, expanding investment universe, allowing private InvITs to invest in greenfield projects, and broadening end-use of borrowings.
• SEBI also to consider reducing minimum investment for Social Impact Funds to Rs 1,000 and relaxing compliance norms for NPOs on Social Stock Exchange.