Ease of regulatory compliances for FPIs investing only in Government Securities

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....ompliances for FPIs investing only in Government Securities 1. SEBI vide "Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors" No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/P/2024/70 dated May 30, 2024 as amended from time to time (hereinafter referred to as the 'FPI Master Circular'), inter alia, specifies the guidelines for registration of FPIs, ....

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....h investor group details." 3.2. Following sub-para shall be added after sub-para (ii)(d) of Para 1 of Part A: "da. The provisions mentioned at a to c above shall not apply to 'FPIs investing only in Government Securities' (hereinafter referred to as "GS-FPIs"). However, they shall be subject to the provision that contribution of resident Indian individuals shall be made through the LRS notified....

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....rt A: "(d) However, in case of GS-FPIs, all material changes (both Type I and Type II) shall be informed and supporting documents (if any) shall be provided by such FPIs as soon as possible and within 30 days of such change." 3.5. In order to facilitate a mechanism for transition between regular FPI and GS-FPI, the following Para shall be added after Para 18 of Part A: "19. Transition between....

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....a GS-FPI may also transition to a regular FPI by making appropriate declaration to their DDPs. For such transition, the GS-FPI shall provide incremental information and submit documents as are applicable to a regular FPI. From the date of transition becoming effective, the FPI shall be required to comply with regulatory requirements as applicable to a regular FPI." 3.6. Following sub-para shall b....