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ARTICLE · 01 OCTOBER 2019

Indian Regulator Issues New FPI Regulations

Dillon Eustace
Dillon Eustace
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Dillon Eustace

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Additional enhancements to the FPI registration process include reducing the categories of FPI from three to two.

IndiaWealth Management
Brian Dillon
Brian Dillon
Brian Kelliher
Brian Kelliher
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On 23 September, 2019, the Securities and Exchange Board of India ("SEBI") issued the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 (the "FPI Regulations"), which took immediate effect. The FPI Regulations govern the process to be followed for foreign investment in India by entities such as Irish regulated investment funds, so that they can commence investment in India once authorised.

Regular readers will be aware from our previous publication that the registration process in India is governed by the Foreign Exchange Management Act, 1999 ("FEMA"), with a specific focus on the foreign portfolio investor ("FPI") route.

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