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<h1>SWAGAT-FI FVCI registration, conversion and renewal relaxations allowing streamlined concurrent onboarding and extended 10-year KYC</h1> Introduces SWAGAT-FI procedural relaxations for FVCIs: (a) permits concurrent FVCI registration on the basis of FPI application data without separate forms or supporting documents, conditional on appointment of the same custodian and DDP as for the FPI-operative effect: streamlined on-boarding and reliance on FPI submissions for FVCI registration. (b) permits conversion of an eligible SWAGAT-FI FPI to SWAGAT-FI FVCI via DDP application, conditional on same custodian/DDP-operative effect: facilitates migration between registrant categories. (c) revises renewal/KYC cycles: existing FVCIs follow specified renewal intimations with 5-year blocks (10-year blocks for SWAGAT-FI) and SWAGAT-FI KYC review periodicity set at 10 years-operative effect: extended renewal/KYC intervals. SEBI; effective June 1, 2026.