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of <h1>SEBI Issues New Master Circular for FPIs and DDPs, Effective May 2024, Consolidating Past Guidelines.</h1> The Securities and Exchange Board of India (SEBI) has issued a new Master Circular for Foreign Portfolio Investors (FPIs), Designated Depository Participants (DDPs), and Eligible Foreign Investors, effective from May 30, 2024. This circular consolidates and supersedes previous circulars, including the one dated December 19, 2022. It ensures that any actions, registrations, or approvals under the rescinded circulars remain valid and are considered under the new circular. The Master Circular continues to uphold existing SEBI directions and legal provisions applicable to FPIs. It is issued under SEBI's authority as per the Securities and Exchange Board of India Act, 1992.
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