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ARTICLE · 29 APRIL 2020

FPI Regulations: SEBI Welcomed Mauritius Under Category I

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The Securities and Exchange Board of India (SEBI) vide notification dated 7 April 2020 (Amendment Notification), notified an amendment to the SEBI (Foreign Portfolio Investors) Regulations 2019 (FPI Regulations).

IndiaFinance and Banking
Manisha Shroff
Manisha Shroff
Divaspati Singh
Divaspati Singh
Nandini Paliwal
Nandini Paliwal
Khusboo Agarwal
Khusboo Agarwal
Siddhant Shetty
Siddhant Shetty
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Introduction

The Securities and Exchange Board of India (SEBI) vide notification dated 7 April 2020 (Amendment Notification), notified an amendment to the SEBI (Foreign Portfolio Investors) Regulations 2019 (FPI Regulations), expanding the criteria for being categorised as a Category I Foreign Portfolio Investor (Category I FPI), which set the stage for permitting Mauritius-based funds, the second largest contributor to FPI investments in India, to be registered as Category I FPIs. Putting the speculations to rest, the Ministry of Finance, Department of Economic Affairs, notified Mauritius as a jurisdiction whose entities will be eligible for registration as a Category I FPI from 13 April 2020 (DEA Order).

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