SEBI Amends Disclosure Requirements for FPIs with Majority Indian Equity AUM in Corporate Groups

SEBI previously issued a circular on August 24, 2023, mandating extra disclosures for FPIs meeting specific criteria. However, FPIs meeting these criteria were exempted from additional disclosure requirements, provided they met certain conditions. SEBI has now revised this circular. FPIs holding over 50% of their Indian equity AUM within a corporate group are now exempt from additional disclosure obligations, contingent upon fulfilling specific conditions. The revised circular takes immediate effect.