Mauritius based funds eligible for registration as
Category I Foreign Portfolio Investor (FPI) with Securities and
Exchange Board of India (SEBI)
Effective 7 April 2020, SEBI has amended their FPI Regulations,
2019 to provide that FPI applicants from a non-FATF member country
may also qualify for a Category I registration provided such
country is specified by the Indian Central Government for this
purpose or the Indian Central Government enters into an agreement
or treaty with such country.
The Indian Ministry of Finance issued an order on 13 April
2020 stating that Mauritius is now an eligible country for the
purpose of registering for a Category I FPI license.
With this order from the Central Government of India, Mauritius
based funds will now be able to register for a Category I FPI
License and therefore benefit from the numerous advantages
available to Category I FPIs, including:
