The Securities and Exchange Board of India (SEBI), on November 12, 2024, vide Circular No.: SEBI/HO/AFD/AFD-PoD-3/P/CIR/2024/156, as effective from February 12, 2025, has introduced streamlined procedures to simplify the registration process for Foreign Portfolio Investors (FPIs).
Key highlights include:
Abridged Common Application Form (CAF): Applicants from specific categories (e.g., funds operated by registered Investment Managers, sub-funds of master funds, or insurance schemes) can now opt to complete an abridged CAF instead of the full form.
Auto-Populated Fields: Non-unique fields in the abridged CAF will be auto-filled or disabled based on existing information in the depositories' CAF module.
Applicant Consent: Explicit consent will be required to use pre-existing information and confirm its accuracy.
Implementation Standards: The changes will be standardized by the CDSSF in consultation with SEBI, ensuring smooth system integration.
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