SEBI has removed notarization requirements for Foreign Portfolio Investors (FPIs) by permitting digitally signed Power of Attorney submissions, enhancing operational efficiency.
Revisions in Power of Attorney Requirements for FPIs
In a regulatory move aimed at streamlining processes for Foreign Portfolio Investors (FPIs), SEBI has announced that FPIs can submit a digitally signed Power of Attorney (PoA). The removal of the notarization and apostillisation requirements marks a significant reduction in procedural burdens for international investors.
This measure is expected to enhance operational efficiency and facilitate smoother interactions for FPIs engaging with the Indian capital market. By simplifying these requirements, SEBI aims to attract more foreign investments.
Legal professionals should consider these changes when advising clients involved with FPIs, ensuring they comply with the revised PoA submission standards to improve operational practices and regulatory alignment.
Citations
- SEBI Announcement (2026)
