Foreign portfolio investor regulation update substitutes FEMA instrument references and omits a provision altering compliance scope. The amendment updates cross-references in the SEBI (Foreign Portfolio Investors) Regulations, 2019 by substituting the 2017 transfer/issue securities regulation reference with the Non-debt Instruments Rules, 2019; it replaces a specific 2017 regulation citation in regulation 20(8) with a general reference to the Foreign Exchange Management Act, 1999 and its rules and regulations; and it omits regulation 20(9), thereby removing that provision from the regulatory framework.