Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for FPIs and FVCIs

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....nts (DDPs) and Custodians 3. The Depositories 4. The Stock Exchanges and Clearing Corporations Dear Sir / Madam, Subject: Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for FPIs and FVCIs 1. SEBI vide Circular No. SEBI/HO/AFD/AFD-PoD-3/P/CIR/2024/130 dated September 26, 2024, inter alia, specified the Operational Guidelines for reg....

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....or its application for registration as FPI. Provided the applicant appoints the same custodian and DDP for FVCI registration as appointed for FPI registration. 1.4.4 FVCI meeting the requirements for SWAGAT-FI FPI may convert to SWAGAT-FI FVCI on making an application to its DDP. Provided the FVCI appoints the same custodian and DDP for FVCI registration as appointed for....

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....f any, as submitted earlier, at least 15 days before the completion of five years (10 years in case of SWAGAT-FI) from the date of such registration so as to continue with their registration for the subsequent block of five years." 3.3. After Para 2.6.2 of Chapter 2, the following sub-para shall be added: "2.6.3 In case of SWAGAT-FI FVCI, periodicity of KYC review shall be 10 years." ....