Easing entry norms: Sebi mulls single window clearance for FPIs

Regulator is in talks with tax consultants seeking inputs on framing new registration form for FPIs

The Securities and Exchange Board of India (Sebi) is working on a plan to ease entry norms for overseas investors. According to sources, the regulator may grant a single window clearance mechanism where they will not require obtaining separate approval from various regulatory bodies. The amendments believed to be kicked in financial year 2018.

The move is based on representations received from stakeholders and is aimed at easing the process of foreign portfolio investors (FPIs) registration at the time of account-opening. 

At present, the FPIs requires multi-agency clearances including Sebi, Reserve Bank of India (RBI) and Income-tax department. This approval at