NEW DELHI: Market regulator Sebi will soon notify new rules to make it easier for foreign entities to invest in Indian markets following finalisation of the necessary regulatory changes by the government for a major overhaul of the existing regulations for overseas investments.
Under the new rules, which are likely to be announced in next few days, Sebi is creating a new class of investors — to be called Foreign Portfolio Investors (FPIs) — and would classify them in three categories as per their risk profile, senior officials said.
The KYC (Know Your Client) and other regulatory compliance requirements for the FPIs would depend on their risk category and the norms would be easier for lower-risk investors.
Under the new rules, which are likely to be announced in next few days, Sebi is creating a new class of investors — to be called Foreign Portfolio Investors (FPIs) — and would classify them in three categories as per their risk profile, senior officials said.
The KYC (Know Your Client) and other regulatory compliance requirements for the FPIs would depend on their risk category and the norms would be easier for lower-risk investors.
