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Core Purpose

This notification introduces the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026, to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019.

Detailed Summary

The Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026, published on July 3, 2026, amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. These regulations are made under Section 30(1) read with Section 11(1), 11(2)(ba), 12(1), and 12(1A) of the Securities and Exchange Board of India Act, 1992 (15 of 1992), and Section 25 of the Depositories Act, 1996 (22 of 1996). Most provisions will come into force on the one hundred eightieth day from publication, with sub-regulation III of regulation 3 effective immediately upon publication. Key amendments include the omission of "the fee specified in Part A of the Second Schedule and" from regulation 3(2). Monetary values for fees are changed from US Dollars to Indian Rupees in eligible foreign exchange equivalent: "US $1000" in regulation 43B(2) is substituted with "Rs. 90,000"; "US $2500 and US $250" in Second Schedule, Part A, clause (1) are substituted with "Rs. 2,30,000 and Rs. 23,000"; "US $50" and "US $5" in Second Schedule, Part A, clause (4) are substituted with "Rs. 4,500" and "Rs. 500" respectively; and "US $800" in Second Schedule, Part C, clause (1) is substituted with "Rs. 75,000". Additionally, the timing for fee payment in Second Schedule, Part A, clause (1) is changed to "prior to the grant of certificate of registration". The First Schedule is amended by renumbering paragraphs IV and V as V and VI, and inserting a new paragraph IV concerning the date of Birth/Incorporation/Agreement/Partnership or Trust Deed/Formation of Body of Individuals or Association of Persons of the foreign portfolio investor. Clause (5) of Part A of the Second Schedule is substituted to specify that designated depository participants must remit fees collected from foreign portfolio investors in INR to the Board within five working days of registration grant or fee receipt, along with specified details. The original 2019 Regulations were published on September 23, 2019, vide notification No. SEBI/LAD-NRO/GN/2019/36 and last amended by Notification No. SEBI/LAD-NRO/GN/2025/279.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-07072026-274227 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 437] NEW DELHI, FRIDAY, JULY 3, 2026/ASHADHA 12, 1948 5024 GI/2026 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd July, 2026 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) (AMENDMENT) REGULATIONS, 2026 No.SEBI/LAD-NRO/GN/2026/310.— In exercise of the powers conferred by Section 30(1) read with Section 11(1), Section 11(2)(ba), Section 12(1) and Section12(1A) of the Securities and Exchange Board of India Act, 1992 (15 of 1992), and under Section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following regulations, to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, namely, – 1. These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026. 2. They shall come into force on the one hundred eightieth day from the date of publication of these regulations in the Official Gazette: Provided that sub-regulation III of regulation 3 shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, - I. In regulation 3(2), the words “the fee specified in Part A of the Second Schedule and" shall be omitted; II. In regulation 43B(2), the words and symbols “US $1000” shall be substituted with the words and symbols “Rs. 90,000 in eligible foreign exchange equivalent”; III. In the First Schedule, paragraph IV and V shall be renumbered as paragraph V and VI respectively and before the paragraph V so renumbered, the following new paragraph IV shall be inserted, namely, - “IV. The date of Birth/Incorporation/Agreement/Partnership or Trust Deed/Formation of Body of Individuals or Association of Persons of the foreign portfolio investor is ../../...." IV. In the Second Schedule, in Part A, i. In clause (1), a. the words and symbols “US $2500 and US $250" shall be substituted with the words and symbols “Rs. 2,30,000 and Rs. 23,000 in eligible foreign exchange equivalent"; and b. the words "at the time of submission of the Form" shall be substituted with the words “prior to the grant of certificate of registration". ii. In clause (4), in the first proviso, a. the words and symbols “US $50” shall be substituted with the words and symbols “Rs. 4,500 in eligible foreign exchange equivalent"; and b. the words and symbols “US $5” shall be substituted with the words and symbols “Rs. 500 in eligible foreign exchange equivalent". iii. Clause (5) shall be substituted with the following, namely, - “(5) Every designated depository participant shall remit the fees collected from the foreign portfolio investors in INR to the Board in the following manner: (a) in the case of initial registration, within five working days from the date of grant of certificate of registration to the foreign portfolio investor, along with the details in the format, as may be specified from time to time; (b) in the case of fees paid for subsequent blocks after registration or any late fees, within five working days from the date of receipt of such fees by the designated depository participant, along with the details in the format, as may be specified from time to time." V. In the Second Schedule, in Part C, in clause (1) the words and symbols “US $800” shall be substituted with the words and symbols “Rs. 75,000 in eligible foreign exchange equivalent”. AMIT PRADHAN, Executive Director [ADVT.-III/4/Exty./206/2026-27] Note: The Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 was published in the Gazette of India on September 23, 2019 vide notification No. SEBI/LAD-NRO/GN/2019/36) and was last amended by the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2025 vide Notification No. No. SEBI/LAD-NRO/GN/2025/279. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR RUMARUVASTASH Date: 2026.07.07 21:47:56 SRIVASTAVA +05'30

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