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<h1>SEBI Amends FPI Regulations: Report 'Type I' Changes in 7 Days, 'Type II' in 30 Days to DDPs.</h1> The circular issued by SEBI outlines amendments to the Foreign Portfolio Investors (FPI) regulations, emphasizing the disclosure of material changes. FPIs must report 'Type I' material changes, which include significant events like jurisdiction changes, mergers, or regulatory status alterations, within seven working days, with documentation provided within 30 days. 'Type II' changes, less critical, must be reported within 30 days. Designated Depository Participants (DDPs) are tasked with reassessing FPI eligibility upon such changes and must notify SEBI of any reporting delays. These amendments aim to protect investor interests and ensure market regulation.