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of <h1>SEBI Issues Guidelines for Surrendering Foreign Portfolio Investor Registration via Designated Depository Participants.</h1> The circular from SEBI outlines guidelines for the surrender of Foreign Portfolio Investor (FPI) registration. FPIs wishing to surrender their registration must apply through Designated Depository Participants (DDPs). The DDPs must confirm that the FPI's accounts have a zero balance, are blocked from transactions, and that no dues or proceedings are pending. They must also close all accounts and deactivate the CP code within ten working days of receiving a No Objection Certificate from SEBI. The circular is effective immediately and aims to standardize the process across the market.
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