Government to ease norms for Foreign Portfolio Investors (FPI)

The FPI registration process, which now on an average takes two months, is set to reduce to just 3-6 days by moving towards a single application and doing away with the requirement of obtaining a Permanent Account Number. Further, SEBI  will allow foreign private banks to trade on behalf of their clients without FPI registration. It is to be noted that this has been reported based on representations made by Government and SEBI officials, and official communication of the same is yet to be confirmed by the Government and SEBI.

March 12th, 2018