SEBI Updates Foreign Portfolio Investors Regulations: Key Amendments in Regulations 3, 22, and 31 for Timely Compliance.

The Securities and Exchange Board of India (SEBI) has amended the Foreign Portfolio Investors Regulations, 2019, effective from the date of publication in the Official Gazette. Key changes include the insertion of "and manner" in regulation 3, sub-regulation (2), and modifications in regulation 22 to replace "forthwith" with "as soon as possible but not later than seven working days" for notifying material changes. Regulation 31 also sees a similar change, with a two-working-day timeframe. These amendments aim to enhance the clarity and timeliness of compliance requirements for foreign portfolio investors.