SEBI Switches FPI Fees to Rupee Denomination

The Securities and Exchange Board of India (SEBI) has announced changes to the Foreign Portfolio Investors (FPI) Regulations, shifting the registration fees from US dollar-denominated to rupee-denominated payment mechanism.

As per the new regulations, the existing fee of $1,000 will be replaced with Rs 90,000 in eligible foreign exchange equivalent. This change aims to address operational challenges arising from the existing dollar-based system, including manual accounting and invoicing, lack of real-time accounting visibility, and delays in financial reporting.

SEBI has also revised the registration fee for Category-I FPIs and FVCIs, replacing $2,500 with Rs 2.3 lakh. The market watchdog has simplified the registration process by including the date of birth or date of incorporation in the common application form for FPI registration.