Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria

The Securities and Exchange Board of India (SEBI) has issued an amendment to its circular regarding Foreign Portfolio Investors (FPIs). The new requirements mandate FPIs to disclose additional information, such as their beneficial ownership and compliance with regulations. These disclosures are intended to enhance transparency and accountability in the investment process. FPIs that meet specific criteria will need to provide detailed reports on their investment strategies and risk management practices. The amendment aims to improve oversight and facilitate better regulation of FPIs, ensuring that their activities align with the legal and ethical standards set by SEBI.