Sebi simplifies registration of certain categories of FPIs
Portfolio Investors and reduce duplication of available information, markets regulator Sebi on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with unique fields. If the abridged form is chosen, the remaining fields should either be auto-populated from the information available in the depository system or should be disabled, as applicable, based on existing information in the CAF module, Sebi said in a circular.
The applicants must consent to use the pre-filled information and confirm that it is accurate, except for any updates they provide.
This will come into force after three months from the date of this circular.
According to Sebi's Master Circular issued in May, every FPI applicant must submit a signed Common Application Form along with supporting documents for registration.
The regulator observed that in case of certain categories of Foreign Portfolio Investor (FPI) applicants like multiple funds under an Investment Manager (IM), sub-funds of a master fund, or schemes of insurance companies, much of their relevant information is already captured in depositories' CAF module, which can be leveraged without seeking the same from said applicants.
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