Sebi amends registration fee rule for FPIs; directs payment in rupee terms

📌 Summary:

• SEBI has replaced the existing U.S. dollar-denominated registration fee for Foreign Portfolio Investors (FPIs) with a rupee-based fee structure
• The change was implemented by amending the rules governing FPIs
• The revised provisions come into effect six months from the notification dated July 3, 2026

🎯 UPSC Relevance: GS3 Economy — capital markets regulation, internationalisation of the rupee, and ease of doing business for foreign investors

📝 Prelims Facts:

• SEBI is a statutory body established under the SEBI Act, 1992
• FPIs invest in listed securities (shares, bonds); unlike FDI, FPI is portfolio investment without management control
• FPI registration and conduct are governed by SEBI (Foreign Portfolio Investors) Regulations

🔑 Key Term: Foreign Portfolio Investment (FPI) — investment by non-residents in Indian securities without control over management; more liquid and volatile than FDI