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of <h1>SEBI Allows FPIs to Operate in IFSC Without Extra Documentation; Custodians to Ensure Compliance and Segregation of Funds.</h1> The circular outlines guidelines for the participation of Eligible Foreign Investors (EFIs) and Foreign Portfolio Investors (FPIs) in the International Financial Services Centre (IFSC). It allows SEBI-registered FPIs to operate in the IFSC without additional documentation or approval. Trading members can rely on due diligence by SEBI intermediaries or RBI-permitted banks for account opening. FPIs must segregate funds and securities, and custodians must monitor compliance. Stock exchanges in IFSC must maintain EFI details for regulatory authorities. EFIs must comply with Indian laws, and a definition amendment in the SEBI Guidelines is noted.
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