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of <h1>SEBI Amends Rules: New Disclosure Mandates for Certain Foreign Portfolio Investors, With Specific Exemptions and Compliance Monitoring.</h1> The Securities and Exchange Board of India (SEBI) has amended its circular to mandate additional disclosures by Foreign Portfolio Investors (FPIs) meeting specific criteria. FPIs with over 50% of their Indian equity assets under management (AUM) in a corporate group are exempt from these disclosures if the group's apex company lacks an identified promoter. The exemption also requires that FPIs hold no more than 50% of their Indian equity AUM in the group, excluding the apex company, and that collective FPI holdings in the apex company remain below 3% of its total equity. Custodians and depositories will monitor compliance, and FPIs must realign investments if this limit is breached. The circular is effective immediately.
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