Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019

Some of the proposed measures are highlighted below:

♤ Simplified and expedited registration process with ease in compliance requirements.

♤ Phasing out of the broad based eligibility criteria for institutional foreign investors.

♤ FPIs to be re-categorised into two categories - Category I and II, instead of the present regime of three categories.

♤ Simplified registration for Multiple Investment Manager structures.

♤ Central banks that are not the members of Bank for International Settlement to also be eligible for FPI registration.

♤ Entities established in the International Financial Services Centre in India to be deemed to have met the jurisdiction criteria for FPIs.

♤ Simplified KYC documentation requirements.

♤ FPIs permitted to transfer off-market unlisted, suspended or illiquid securities to a domestic or foreign investor.

♤ Offshore Funds floated by Indian Mutual Funds permitted to invest in India after obtaining registration as FPI.

♤ The requirements for issuance and subscription of Offshore Derivative Instruments have been rationalised.