FPI - Easing Access to India
Under the SEBI FPI Regulations, 2019, Regulation 20 of the FPI Regulations provides a list of securities in which FPIs are permitted to access and invest. This path breaking Regulation ushers significant and positive changes in accessing the Indian Capital Markets.
Some of the highlights being:
▪ Re-categorization of FPIs into two Categories.
▪ Categorisation based primarily of the Regulatory aspects. Structure base no longer the norm.
▪ All existing FPIs registered as Category III FPIs deemed to have been registered as Category II FPIs.
▪ Funds from FATF member countries and all insurance entities have been classified as Category I FPIs and Funds from non-FATF member countries have been classified as Category II FPIs
▪ Entities set-up in IFSC eligible for FPI registration
▪ FPI registered under Category I are exempt from providing BO (beneficiary owner) details
▪ Non-BIS countries are eligible for FPI license ▪ FPIs are permitted to invest in units of REITs, InvITs and Category III AIFs
▪ Simplified KYC requirements ▪ Removal of broad-based criteria
FPI Brochure in 4 International languages :
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