Sebi eases rules for FPIs
  • WebDesk BTVI
  • Aug 21 2019

Market regulator Sebi on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for the multiple investment manager structure would be simplified. Proposing the new regulations for FPIs, Sebi Chairman Ajay Tyagi said that central banks of other countries are now also eligible to be FPIs. These would now be permitted to transfer unlisted illiquid shares off market.