Regulatory relaxation power allows Board to grant procedural or technical exemptions subject to conditions and investor market safeguards. The amendment authorises the Board to grant relaxation from strict enforcement of any provision of the Foreign Portfolio Investors Regulations, 2019 suo motu or on application for reasons recorded in writing, when non-compliance arises from factors beyond the entity's control or is procedural or technical, subject to conditions in the interests of investors and securities market development; applications must include a non-refundable fee payable to the Board by RBI permitted modes into the Board's designated account.