Mar 31, 2023

Enhanced and Time Bound Reporting Requirements Under FPI Regulations

The reporting requirements applicable to foreign portfolio investors (‘FPIs’) and designated depository participant (‘DDPs’) have been updated by SEBI, by way of an amendment dated March 14, 2023, to the SEBI (Foreign Portfolio Investors) Regulations, 2019.

FPIs are now required to inform the DDPs and SEBI, as soon as possible but not later than seven working days, of any: (i) change in information previously submitted to SEBI / DDP if found to be false or misleading, in material respect; (ii) material change in information previously submitted including any direct or indirect change in its structure or ownership or control or investor group; (iii) penalty, pending litigation or proceedings, findings of inspections or investigations for which action have been taken or to be taken by an overseas regulator against the FPI; and (iv) change in details of the investors group previously furnished by the FPIs. FPIs are also required to ensure that accurate details of its investors group are maintained with the DDP at all times.




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