Sebi plans regulatory breather for FPIs investing in sovereign bonds

The Securities and Exchange Board of India (SEBI), the capital markets regulator in India, has taken steps to simplify the registration and compliance norms for Foreign Portfolio Investors (FPIs) looking to invest in Indian sovereign bonds. These reforms come ahead of India's anticipated inclusion in JPMorgan's Emerging Markets (EM) bond index. The objective of these measures is to attract an estimated $30-40 billion in foreign investment inflows while ensuring the continued stability and orderly functioning of the Indian financial markets.