Overseas entities begin registering as FPI: SEBI

India Infoline News Service | Mumbai |

To ensure the seamless transition from FII regime to FPI, it was decided to commence the FPI regime with effect from June 1, SEBI says

Securities and Exchange Board of India, in a statement, on Monday said that Sebi-approved Designated Depository Participants (DDPs) have already commenced granting registration to FPIs under the new framework.

"The migration of FPI regime has thus been effected in a smooth manner," the regulator said.

In order to ensure the seamless transition from FII regime to FPI, it was decided to commence the FPI regime with effect from June 1 so that requisites systems and procedures are in place before migration to the new FPI regime.
 

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