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of <h1>SEBI Update: FPIs Surrendering Registration Can Write Off Unsellable Debt Securities in Beneficiary Accounts.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular permitting Foreign Portfolio Investors (FPIs) intending to surrender their registration to write off unsellable debt securities in their beneficiary accounts. This update modifies a previous circular from November 5, 2019, which allowed FPIs to write off unsellable shares. The circular applies specifically to FPIs surrendering their registration and is issued under the authority of the SEBI Act, 1992. Custodians are instructed to inform their FPI clients about these provisions.
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