SEBI has placed this consultation paper with an objective to seek public comments and suggestions on the draft of the updated and simplified Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors (“FPI Master Circular”) placed at AnnexureI to the consultation paper. It is proposed to update the FPI Master Circular and incorporate the circulars issued since May 2024.

Further, in order to enhance ease of doing business and ease of compliance, an exercise to streamline the FPI Master Circular was undertaken in consultationwith market participants. This exercise aims to achieve simplification of language of the Master Circular, removal of duplication and transitory provisions wrt. redundant clauses etc. The comments or suggestions should be submitted latest by December 26,