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<h1>Foreign Portfolio Investors Must Maintain Detailed Financial Records as per SEBI Regulations 2019, Regulation 29.</h1> Every foreign portfolio investor is required to maintain specific books of accounts, records, and documents. These include accurate accounts of funds remitted to India for investment activities and the resulting capital gains or losses, bank statements, contract notes for securities transactions, and communications with designated depository participants, stock brokers, and depository participants, which may be in electronic form. This requirement is part of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, under Regulation 29, which outlines the general obligations and responsibilities of foreign portfolio investors.