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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - Reiteration of SEBI Circular on Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for FPIs and FVCIs

21-Jan-2026 | Notice No. 20260121-5

BSE has reiterated the SEBI Circular 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), which shall be effective from 1st June, 2026.

Pursuant to the circular:

1. Eligibility for registration as an SWAGAT-FI FPI has been added in Paragraph 2 of Part A of the "Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors dated 30th May, 2024".

2. A new sub-paragraph has been inserted in Paragraph 5 of Part B of the said Master Circular, specifying the periodicity of KYC review as ten years in the case of SWAGAT-FI FPIs.

3. In the Operational Guidelines for registration of FVCIs and KYC requirements, a new Paragraph 1.4.3 has been inserted in Chapter 1, specifying that an SWAGAT-FI FVCI applicant may apply for registration as an FVCI along with an application for registration as an FPI, without submitting a separate application form or supporting documents. Such application shall be processed based on the information and documents already submitted by the applicant.

Kindly refer to the attached documents for further details.

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