Relaxing compliance requirement for foreign portfolio investors (FPIs), markets regulator Sebi on Monday allowed scanned copies of documents for renewing registration in the wake of coronavirus pandemic.
The relaxation has been given till June 30, the Securities and Exchange Board of India (Sebi) said in a circular. “In light of the recent event pursuant to the COVID-19, a need has been felt for temporary relaxations with respect to compliance requirements for FPIs,” it added.
Accordingly, the regulator has decided to grant the relaxations in a situation where FPIs are not in a position to send original and/ or certified documents.
