Sebi eases FPI norms: Here are the key takeaways from the meeting
Sebi said FPIs would no longer be required to meet the 'broad-basing' criteria, under which at least 20 investors were required to establish a fund. Listen to this podcast for more
Sukanya Roy New Delhi
 "Ajay Tyagi, chairman of Securities and Exchange Board of India (SEBI) during a press conference in Mumbai")
Ajay Tyagi, chairman of Securities and Exchange Board of India (SEBI) during a press conference in Mumbai
The Securities and Exchange Board of India (Sebi) on Wednesday eased the regulatory and compliance framework for foreign portfolio investors (FPI) in a bid to boost investments and expedite the registration process for FPIs.
Sebi also simplified KYC requirements for them and permitted them to carry out off-market transfer of securities. This is a much-needed boost to the FPI route, which had been languishing on account of multiple issues in the past few months
However, the easing of FPI norms comes at a time when overseas investors have pulled out over $3 billion from the domestic markets since the Union Budget. Listen to this podcast for more
Also Read
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 22 2019 | 2:04 PM IST
