SEBI has amended foreign portfolio investor (FPI) registration rules to replace the earlier dollar-denominated fee with a rupee-based structure. According to the updates reported by multiple outlets, the regulator revises the process for PAN-related application requirements for FPIs and instructs designated depository participants (DDPs) to submit the registration fee in rupee terms within five working days. One source reports that the fee for Category-I FPIs changes from $2,500 to ₹2.3 lakh, aligning the charge with the new rupee-denominated payment approach. The Hindu also reports that SEBI updates the common application form used for FPI registration as part of the amended framework. Overall, the changes focus on administrative and payment mechanics—moving the registration fee away from foreign-currency remittance to rupee payments through DDPs—along with corresponding updates to application documentation. The notifications described do not indicate a change in the underlying eligibility criteria for FPIs, but they do adjust the required registration payment structure and related procedural steps.