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<h1>Foreign Portfolio Investor Applications Must Be Complete and Truthful Under SEBI Regulations, 2014; Deficiencies Can Lead to Rejection.</h1> An application for a certificate of registration as a foreign portfolio investor under the Securities and Exchange Board of India (SEBI) Regulations, 2014, must be complete and truthful. Incomplete or misleading applications will be considered deficient and may be rejected by the designated depository participant. However, applicants must be given a reasonable opportunity to address any deficiencies within a specified timeframe before the application is rejected.