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<h1>SEBI Updates QFI Rules: New Definition, Streamlined Investment Process, and Custodian Appointments for Foreign Investors.</h1> The Securities and Exchange Board of India (SEBI) has revised the framework for Qualified Foreign Investor (QFI) investments in Indian equity shares and mutual fund schemes. The updated definition of a QFI now includes individuals residing in countries that are members of the Financial Action Task Force (FATF) or have bilateral agreements with SEBI, excluding those from jurisdictions with AML/CFT deficiencies. QFIs can now invest through a single non-interest bearing Rupee Account and appoint custodians for securities transactions. The amendments aim to streamline investment processes and align with government and RBI guidelines.