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ARTICLE · 19 JUNE 2024

Foreign Portfolio Investors (Amendment) Regulations, 2024

Stratage Law
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Stratage Law

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The Gazette of India has issued a notification dated May 31, 2024, and published on June 3, 2024 ("Commencement Date") (available here) which amended the SEBI (Foreign Portfolio Investors) Regulations, 2019...

IndiaGovernment, Public Sector
Stratage Law Partners
Stratage Law Partners
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The Gazette of India has issued a notification dated May 31, 2024, and published on June 3, 2024 ("Commencement Date") (available here) which amended
the SEBI (Foreign Portfolio Investors) Regulations, 2019 ("FPI Regulations").

An overview of the same is set out hereunder:
▪ Pursuant to the SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024 ("Amendment"), a Foreign Portfolio Investor ("FPI") holding securities or derivatives in India, whosecertificate of registration is not valid as on the Commencement Date, is allowed to sell such securities or wind up their open position in derivatives in India within 360 days from the Commencement Date, as specified by SEBI, thereby modifying the erstwhile period (i.e., 1 year from the publication date of the FPI Regulations).

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