Sebi Eases Norms On Select FPI Categories

New Delhi: To ease onboarding for FPIs and reduce duplication of information, Sebi on Tuesday proposed an abridged version of Common Application Form (CAF) that only requires information unique to the applicant.

Further, the rest of the information will be auto-filled from the depository’s records or certain fields will be disabled if not needed. Also, the applicants will need to confirm that the previously provided information remains unchanged, Sebi proposed in its consultation paper. The regulator observed that in case of certain categories of FPI applicants like multiple funds under an IM, sub-funds of a master fund, or schemes of insurance companies, much of their relevant information is already captured in depositories’ CAF module.