SEBI/HO/AFD/AFD -PoD -3/P/CIR/2024/156 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/AFD/AFD -PoD -3/P/CIR/2024/156 To, Foreign Portfolio Investors (“FPIs”) Designated Depository Participants (“DDPs”) and Custodians The Depositories Dear Sir / Madam, Subject: Simplified registration for Foreign Portfolio Investors (FPIs) SEBI's Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors dated May 30, 2024 inter-alia mandates every FPI applicant to submit a duly filled and signed Common Application Form (CAF) and 'Annexure to CAF' supported by required documents for registration. During discussions with market participants, it has been represented that information regarding the Investment Manager (IM) and other relevant information is already captured in depositories' CAF module in case of FPI applicants belonging to the following categories: fund(s) operated by investing/non-investing IM , wherein such IM or any fund operated by IM, is already registered as FPI; ii) sub-fund(s) of a master fund, d, wherein such master fund or any sub-fund of such master fund, is already registered as FPI; iii) sub-fund(s) or separate class(es) of shares or equivalent structure(s) with segregated portfolio of a fund, d, wherein such fund or any of its sub-fund or separate class of shares or equivalent structure with segregated portfolio , is already registered as FPI; iv) scheme(s) of insurance companies wherein the parent entity or any scheme of insurance company is already registered as FPI . Further, there are certain fields that are exclusive to individual FPI applicants and hence not relevant for the applicants belonging to the aforesaid categories . November 12, 2024 During SEBI's course of industry consultation, there has been a feedback that, in the above constructs, permitting the applicants