Sebi extends easier processing norms for FPI registrations, citing lockdown

Regulator, earlier this year, allowed custodians to furnish scanned documents instead of originals for FPI registrations

Sebi has extended the relaxations provided to foreign portfolio investors (FPIs) and custodians for processing documents related to new investor registrations, if they belong to jurisdictions still under the lockdown.

“In view of representations from various stakeholders, it has been decided that for the entities in jurisdictions still under a lockdown, the temporary relaxations shall be extended till the time the lockdown is lifted,” the regulator said in a release on Monday.

A number of custodians had recently written to the regulator, seeking a three-month extension for easier registration guidelines.

Sebi had earlier allowed custodians to furnish scanned documents instead