SECURITIES EXCHANGE BOARD OF INDIA
PRESS RELEASE
Aug 21, 2018
Know Your Client (KYC) Requirements for Foreign Portfolio Investors (FPIs)
SEBI has received representations from some market participants in relation to the circular, inter-alia, seeking review and additional time for complying with the said circular.
In this regard, stakeholders may note that there is already a working group under the Chairmanship of Shri H.R. Khan, Deputy Governor (Retired), Reserve Bank of India with the following terms of reference:-
- To advise SEBI on redrafting the FPI Regulations for simplification.
- To advise SEBI on incorporating the provisions contained in the circulars, FAQs and Operational Guidelines issued by SEBI concerning FPIs, in the regulations itself, to the extent possible.
- To advise on any other issue relevant to Foreign Portfolio Investors.