SEBI Plans More FPI Relaxations: Common KYC and Digital Signature
Why in the news
In September 2025 SEBI signalled more steps to ease Foreign Portfolio Investor (FPI) registration, building on earlier reforms.
Key facts
- Digital signature to be integrated with the CAF, cutting paperwork.
- Common KYC under discussion with RBI for banks and FPIs, easing compliance for low-risk FPIs.
- India Market Access: new information platform.
Swagat-FI framework
For trusted FPIs such as sovereign wealth funds, pension funds and government-related entities.
| Feature | Earlier | Now |
|---|---|---|
| Renewal cycle | 3 years | 10 years |
| KYC fee | Each three-year cycle | One-time $2,500 |
| 50% contribution cap for NRIs and OCIs | Applied | Exempted |
Other points
- FVCI plus FPI registration should lift unlisted investments.
- SEBI contacts FPIs or custodians if processing exceeds a month.
- US, Singapore, Luxembourg and Ireland lead FPI assets under custody.