Sebi eases FPI compliance norms amid continued overseas equity outflows
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The Securities and Exchange Board of India (Sebi) has announced relaxed PAN allotment requirements for foreign portfolio investors (FPIs) to ease compliance amid significant overseas equity outflows, totaling over Rs 2.1 trillion this year. The changes provide FPIs with more flexibility in submitting necessary details when applying for PAN through the Common Application Form (CAF), aiming to facilitate easier onboarding for foreign investors.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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