Securities and Exchanges Board of India in its board meet today eased the rules for foreign portfolio investors doing away with the broad-based eligibility criteria for FPIs. Central banks of other countries are now also eligible to be FPIs. SEBI has also decided to allow offshore funds of Indian mutual funds (MFs) to invest as FPIs. The board also amended regulations concerning credit rating agencies. Vijay Iyer and panelists discuss Sebi's overhaul of FPI regulations on 'The Big Story'.