SEBI vide “Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors” dated May 30, 2024, inter alia, specifies the guidelines for registration of FPIs, KYC requirements and attendant investment conditions/ restrictions under Parts A, B and C of the FPI Master Circular respectively. In order to facilitate ease of regulatory compliances for ‘FPIs investing only in
Government Securities’ (hereinafter referred to as “GS-FPIs”), SEBI (Foreign Portfolio Investors) Regulations, 2019 were amended vide notification dated August 11, 2025. Accordingly, the FPI Master Circular stands modified with respect various paras as mentioned in the circular. Depositories, Custodians and Designated Depository Participants are advised to make necessary changes in their systems to effect the change proposed. The provisions of this circular shall come into force with effect from February 08, 2026.
