SEBI updates rules for Foreign Portfolio Investors (FPIs) by changing how the registration fee is calculated and paid. Multiple reports say the regulator replaces the earlier dollar-denominated fee for Category-I FPIs with a rupee-based structure. Business Line and other outlets report that the Category-I FPI registration fee becomes ₹2.3 lakh. The Economic Times adds that the rupee amount is applicable to Category-I FPIs and Foreign Venture Capital Investors (FVCIs).
The changes also include updates to the FPI registration process. The Hindu and Economic Times report that SEBI amends the common application form used for registration. Economic Times specifically notes that the application now asks for applicants’ date of birth.
Several sources further state that depository participants (DDPs) are directed to remit the registration fees to SEBI in rupee terms within a defined timeline. Economic Times reports a five-day period for forwarding fees to SEBI, and NDTV similarly says DDPs must pay the rupee-based fees within five working days. The effective timing is described as coming into force after a transition period, as reported by Economic Times.
