SEBI has issued a draft updated Master Circular for Foreign Portfolio Investors and Designated Depository Participants for public consultation. The draft seeks to consolidate and simplify multiple circulars and clarifications issued over time, integrating updates released since May 2024 into a single, coherent framework. While retaining existing substantive regulatory requirements, the proposal reorganizes and streamlines provisions, removes obsolete transitional instructions, and adopts clearer drafting to improve usability.
