Sebi approves recommendations by the H R Khan Committee on FPI norms

Sebi approves recommendations by the H R Khan Committee on FPI norms

The Securities and Exchange Board of India (SEBI) on Wednesday approved the key recommendations of the H R Khan Committee on rules for foreign portfo

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The Securities and Exchange Board of India (SEBI) on Wednesday approved the key recommendations of the Committee on rules for foreign portfolio investors (FPIs) at the board meeting.

The broadbased eligibility criteria for FPIs has been done away with, according to TV reports. FPIs will be re-categorised into two classes from 3 currently.

Five key takeaways from the meet
  • Documentation requirement for KYC simplified
  • Broad-based eligibility criterias for FIIs has been done away with
  • to ease compliance, registration process for FPI
  • FPIs to be re-categorised from 3 classes to 2
  • Central banks of other countries also eligible for registration

First Published: Wed, August 21 2019. 16:47 IST

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