SEBI Updates Foreign Portfolio Investor Registration Fee Framework
SEBI revises FPI registration fees with rupee-based payments.
The Securities and Exchange Board of India (SEBI) has replaced the existing US dollar-based registration fee system for Foreign Portfolio Investors (FPIs) with a rupee-denominated fee structure. The regulatory change is aimed at simplifying the fee payment process and will come into effect after six months from the date of notification issued on July 3.
Under the revised framework, SEBI has amended the rules governing FPI registration fees. The registration fee for Category-I FPIs has been changed from USD 2,500 to Rs 2.3 lakh, while the fee for Category-II FPIs has been revised from USD 250 to Rs 23,000. The move brings greater consistency by shifting payments to a fixed Indian currency-based system.
SEBI has also modified the fee structure for applications seeking general relaxation or exemption from strict regulatory enforcement. Eligible foreign entities applying for such relief will now have to pay a revised fee of Rs 90,000 or its equivalent in foreign exchange, replacing the earlier charge of USD 1,000.
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Along with fee changes, the market regulator has updated the common application form used for FPI registration. The revised form will now require applicants to provide details such as their date of birth or date of incorporation, which will help facilitate the allotment of Permanent Account Numbers (PAN) for foreign investors.
The regulator has further directed Designated Depository Participants (DDPs) to transfer the registration fees collected from FPIs to SEBI in Indian rupees within five working days of granting the registration certificate. The payment must be accompanied by details in the format specified by SEBI from time to time.
The latest changes are part of SEBI’s ongoing efforts to streamline foreign investment procedures and improve operational efficiency in India’s securities market. By moving away from dollar-denominated fees and introducing clearer compliance timelines, the regulator aims to make the FPI registration process more structured and transparent for global investors.
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