The Securities and Exchange Board of India has released SEBI (Foreign Portfolio Investors) Regulations, 2019, to replace SEBI (Foreign Portfolio Investors) Regulations, 2014. The FPI regulations, 2019 seek to simplify the 2014 regulations by incorporating the recommendations from an expert committee formed last year to review the regulations.
The FPI regulations, 2019, has reformed three categories into two: Category I and Category II. The broad-based condition required to seek registration as a Category II FPI under the 2014 regulations has also been removed.
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