SEBI's SWAGAT-FI framework to ease compliance for foreign investors

SEBI introduces the SWAGAT-FI framework to simplify processes for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs). It aims to enhance ease of doing business through a unified registration and reduced compliance.

SEBI issues circulars on the Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs).

SWAGAT-FI Framework: Aims and Key Features

According to the SEBI statement, the framework aims to enhance ease of compliance and doing business for SEBI-registered FPIs. Its key features include enabling a unified registration process across multiple investment routes and minimising repeated compliance requirements and documentation for such investors.

Who Stands to Benefit?

These benefits can be availed by existing and new FPIs that meet the specified eligibility criteria.

FPIs registered with SEBI, such as central banks, sovereign wealth funds, appropriately regulated and broad-based mutual funds, and insurance companies and pension funds, will be the beneficiaries of these changes, the SEBI said.

Regulatory Background

Earlier, SEBI (FPI) Regulations, 2019 and SEBI (FVCI) Regulations, 2000, were amended to provide for the introduction of the SWAGAT-FI framework for FPIs and FVCIs.

Impact on India's Competitiveness

This key measure would reduce regulatory complexity and enhance India's global competitiveness as an investor-friendly destination.

Implementation Timeline

The provisions of the circulars come into effect from June 1, 2026. (ANI)

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