{"id":332737,"date":"2026-10-29T16:18:36","date_gmt":"2026-10-29T10:48:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=332737"},"modified":"2026-10-29T16:18:36","modified_gmt":"2026-10-29T10:48:36","slug":"fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/","title":{"rendered":"FPI Onboarding to Get Faster and Easier: What the SEBI Chief Said on RBI Coordination, the Compliance Review and a Consultation Paper"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>SEBI Chairman Tuhin Kanta Pandey said on 28 Oct 2026 at the Business Standard BFSI Insight Summit in Mumbai that SEBI will review compliance requirements for foreign portfolio investors, issue a consultation paper on aligning Indian rules with global standards and work with the RBI to speed up FPI onboarding, with some investors already registered in about five days.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">FPI onboarding is the process by which a foreign investor registers with SEBI, opens bank and tax accounts and starts investing in Indian markets. The SEBI chief said SEBI is working with the RBI to digitally certify documents, has replaced apostille requirements with digital powers of attorney, and will issue a consultation paper to review FPI compliance norms. Net settlement of funds in the cash market for eligible FPIs is expected to start in December. This article is educational, and regulators cannot force foreign investors to put money into India.<\/p>\n<\/p><\/div>\n<p>Foreign investors have been heavy sellers of Indian shares this year, so any step that eases FPI onboarding draws attention. This article explains what was said, what has already changed, why it matters for flows, what it does not change, and what to watch next.<\/p>\n<p>Three flags. SEBI gave no timeline for the consultation paper. Reports differ on tone: one says Pandey acknowledged some Indian requirements are more onerous than elsewhere, while another says he called the rules not very onerous but warned against complacency. The five-day registration applies to some FPIs and not all, and I could not open the original Economic Times report. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#What_the_SEBI_Chief_Said_About_FPI_Onboarding\" title=\"What the SEBI Chief Said About FPI Onboarding\">What the SEBI Chief Said About FPI Onboarding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#How_FPI_Onboarding_Is_Changing_Before_and_Now\" title=\"How FPI Onboarding Is Changing: Before and Now\">How FPI Onboarding Is Changing: Before and Now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Why_FPI_Onboarding_Matters_Now_The_Flow_Picture\" title=\"Why FPI Onboarding Matters Now: The Flow Picture\">Why FPI Onboarding Matters Now: The Flow Picture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#FPI_Onboarding_Terms_Explained\" title=\"FPI Onboarding Terms Explained\">FPI Onboarding Terms Explained<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#What_FPI_Onboarding_Reforms_Do_Not_Change\" title=\"What FPI Onboarding Reforms Do Not Change\">What FPI Onboarding Reforms Do Not Change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Other_Remarks_at_the_Summit_Beyond_FPI_Onboarding\" title=\"Other Remarks at the Summit Beyond FPI Onboarding\">Other Remarks at the Summit Beyond FPI Onboarding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#What_to_Watch_Next_on_FPI_Onboarding\" title=\"What to Watch Next on FPI Onboarding\">What to Watch Next on FPI Onboarding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Risks_and_Limits_of_FPI_Onboarding_Reforms\" title=\"Risks and Limits of FPI Onboarding Reforms\">Risks and Limits of FPI Onboarding Reforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Conclusion_FPI_Onboarding_Is_Easier_Not_a_Flow_Guarantee\" title=\"Conclusion: FPI Onboarding Is Easier, Not a Flow Guarantee\">Conclusion: FPI Onboarding Is Easier, Not a Flow Guarantee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#What_did_the_SEBI_chief_say_about_FPI_onboarding\" title=\"What did the SEBI chief say about FPI onboarding?\">What did the SEBI chief say about FPI onboarding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#How_fast_can_an_FPI_register_now\" title=\"How fast can an FPI register now?\">How fast can an FPI register now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#What_is_net_settlement_for_FPIs_and_when_does_it_start\" title=\"What is net settlement for FPIs and when does it start?\">What is net settlement for FPIs and when does it start?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Is_there_a_date_for_the_SEBI_consultation_paper_on_FPI_compliance\" title=\"Is there a date for the SEBI consultation paper on FPI compliance?\">Is there a date for the SEBI consultation paper on FPI compliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Will_easier_FPI_onboarding_bring_foreign_money_back_to_India\" title=\"Will easier FPI onboarding bring foreign money back to India?\">Will easier FPI onboarding bring foreign money back to India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#How_much_have_FPIs_sold_in_Indian_equities_this_year\" title=\"How much have FPIs sold in Indian equities this year?\">How much have FPIs sold in Indian equities this year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Is_this_FPI_onboarding_article_investment_advice\" title=\"Is this FPI onboarding article investment advice?\">Is this FPI onboarding article investment advice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi-coordination-compliance-review-and-a-consultation-paper\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_the_SEBI_Chief_Said_About_FPI_Onboarding\"><\/span><strong>What the SEBI Chief Said About FPI Onboarding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FPI onboarding: item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail (28 Oct 2026 remarks unless stated)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Compliance review<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SEBI will review requirements that add unnecessary cost for foreign portfolio investors<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consultation paper<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">To seek views on aligning rules with global standards; no date given<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RBI coordination<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SEBI is working with the RBI on digitally certifying documents; a 3 Oct report said both are removing barriers<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Speed of registration<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Some FPIs registered in about five days under the SWAGAT-FI framework, down from months<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net settlement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eligible FPIs can net-settle funds in the cash market; expected to go live in December<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Derivatives<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eligible FPIs may trade non-cash-settled, non-agricultural commodity and index derivatives<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market structure<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Block window framework modified; a closing auction window added for cash equities<\/td>\n<\/tr>\n<\/table>\n<p>Pandey said regulators should not be complacent about benchmarking Indian markets against global ones, and that SEBI will keep checking whether processes are needed and whether participants can operate more easily. The investor-protection safeguards, he said, would be preserved.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Nifty 50 stocks and screeners on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_FPI_Onboarding_Is_Changing_Before_and_Now\"><\/span><strong>How FPI Onboarding Is Changing: Before and Now<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FPI onboarding: step<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Earlier practice<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Document authentication<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Apostille certification<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Digital power of attorney accepted instead<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Forms<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Separate applications for registration, bank accounts and tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One common application form<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Document certification<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Physical notarisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Digital signatures; overseas branches of Indian banks with correspondent ties can certify; RBI work on digital certification under way<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Time to register<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Months in some cases<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About five days for some FPIs under SWAGAT-FI<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cash market settlement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Netting not permitted<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net settlement for eligible FPIs from December<\/td>\n<\/tr>\n<\/table>\n<p>Taken together, these steps cut paperwork and delay, which is the main cost of FPI onboarding for new and smaller foreign funds. The changes do not alter tax or investment limits, and the consultation paper is where deeper compliance changes would be proposed.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow SEBI and RBI updates with market news.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_FPI_Onboarding_Matters_Now_The_Flow_Picture\"><\/span><strong>Why FPI Onboarding Matters Now: The Flow Picture<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FPI onboarding: flow and market data<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FPI outflows from Indian equities this year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A record $32.5 billion, per NSDL data cited in reports<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nifty 50 this year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 13%, while the S&#038;P 500 is up more than 12% (reports)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap to GDP<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 130%, up from 69% in FY16 (SEBI chief)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Average monthly SIP flows, FY27 to September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 32,000 crore, over four times the FY19 level<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mutual funds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 23% of GDP, growing about 20% a year over a decade<\/td>\n<\/tr>\n<\/table>\n<p>Domestic money has covered part of the foreign selling, but SEBI says it also wants foreign capital, because India&#8217;s financing needs are growing. Easier FPI onboarding widens the door, though it does not decide whether investors walk through it.<\/p>\n<p>Pandey made that point directly. Regulators cannot force foreign investors to allocate capital to India, because decisions depend on net returns and risk-reward across global markets. He listed earnings growth, post-tax dollar returns, competing opportunities, currency moves, oil prices, and transaction and capital gains taxes as drivers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FPI_Onboarding_Terms_Explained\"><\/span><strong>FPI Onboarding Terms Explained<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FPI onboarding: term<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Plain meaning<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Apostille<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">An international certificate that authenticates a document for use in another country; digital powers of attorney now replace the need for it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Digital power of attorney<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">An electronic authority that lets a representative act for the foreign investor during FPI onboarding<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net settlement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Offsetting buys and sells so only the net amount moves, which lowers the funds an FPI must arrange<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Block window<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A trading window for large deals at set prices; SEBI said the framework was modified<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closing auction<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A call auction at the end of the day to set a closing price for cash equities<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consultation paper<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A draft proposal published for public comment before rules are changed<\/td>\n<\/tr>\n<\/table>\n<p>Who gains from faster FPI onboarding? New and mid-sized foreign funds gain most, because document certification and multi-agency forms weigh more on a small fund than on a large one. Large, already registered investors gain mainly from net settlement and the derivatives access. Faster FPI onboarding also helps Indian brokers and custodians, who handle the paperwork, though reports do not say how much cost SEBI expects to save.<\/p>\n<p>Readers should separate process reform from market view. A faster FPI onboarding path is a plumbing change. It lowers friction for investors who already want exposure to India, and it does not by itself change valuations, earnings or the rupee. Follow official SEBI circulars for exact rules, because summaries of a speech can miss detail.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_FPI_Onboarding_Reforms_Do_Not_Change\"><\/span><strong>What FPI Onboarding Reforms Do Not Change<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Faster registration reduces friction, but several things sit outside it. Tax treatment, the rupee, crude prices and earnings growth stay the main factors, which is why a regulator can lower the cost of entry and still see outflows. A Rs 32,000 crore monthly SIP base and a market value near 130% of GDP also mean that foreign investors face a market that is already richly priced in places.<\/p>\n<p>For a retail investor, the practical point is that easier FPI onboarding may help over time by widening the buyer base, but it is not a signal that foreign selling has ended. Foreign flows can move the index in either direction within days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Remarks_at_the_Summit_Beyond_FPI_Onboarding\"><\/span><strong>Other Remarks at the Summit Beyond FPI Onboarding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">FPI onboarding summit: other topic<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What SEBI said<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closing auction session<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Will continue; the expiring derivatives settlement price is delinked from the closing price; no review for a year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SME framework<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Under review so good SMEs can move to the main board; goal of about 2,000 well-governed companies in public markets<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO monitoring<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Third-party monitors should be independent and report to exchanges if issuers do not cooperate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stock exchange self-listing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not actively on the table; guardrails could be considered after wider consultation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Securities Markets Code<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Declined to comment in detail because it is before a Parliamentary committee<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_FPI_Onboarding\"><\/span><strong>What to Watch Next on FPI Onboarding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>The consultation paper.<\/strong> Check whether it proposes lighter FPI compliance, what safeguards it keeps, and the comment deadline.<\/li>\n<li><strong>December net settlement.<\/strong> Watch whether the facility goes live on time, since it affects costs for eligible FPIs.<\/li>\n<li><strong>RBI digital certification.<\/strong> The progress of RBI document certification will show how far FPI onboarding can speed up.<\/li>\n<li><strong>Monthly FPI data.<\/strong> Track NSDL flow figures to see whether faster registration coincides with lower selling.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_Limits_of_FPI_Onboarding_Reforms\"><\/span><strong>Risks and Limits of FPI Onboarding Reforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>No timeline.<\/strong> SEBI gave no date for the consultation paper, so the compliance changes may take time.<\/li>\n<li><strong>Returns decide flows.<\/strong> Foreign investors respond to returns, tax and currency, so easier FPI onboarding may not stop outflows.<\/li>\n<li><strong>Partial coverage.<\/strong> The five-day registration applies to some FPIs and not all.<\/li>\n<li><strong>Tone differences in reports.<\/strong> Accounts differ on how onerous the current rules are, so read SEBI&#8217;s own statement.<\/li>\n<li><strong>Safeguards.<\/strong> Easing compliance must keep investor protection and market integrity, as the chief said.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_FPI_Onboarding_Is_Easier_Not_a_Flow_Guarantee\"><\/span><strong>Conclusion: FPI Onboarding Is Easier, Not a Flow Guarantee<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The SEBI chief&#8217;s remarks signal faster, more digital FPI onboarding, a compliance review and a consultation paper, with net settlement due in December. These steps reduce friction, but returns, tax, the rupee and crude will decide whether foreign money returns. Follow the consultation paper and the monthly flow data, and invest in line with your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_did_the_SEBI_chief_say_about_FPI_onboarding\"><\/span><strong>What did the SEBI chief say about FPI onboarding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tuhin Kanta Pandey said on 28 October 2026 that SEBI is working with the RBI on faster onboarding, will review FPI compliance requirements and will issue a consultation paper on aligning rules with global standards. He said safeguards for investor protection and market integrity would be preserved.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_fast_can_an_FPI_register_now\"><\/span><strong>How fast can an FPI register now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SEBI said some FPIs have been registered in about five days under the SWAGAT-FI framework, down from months. That applies to some investors and not all, so timing may differ.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_net_settlement_for_FPIs_and_when_does_it_start\"><\/span><strong>What is net settlement for FPIs and when does it start?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net settlement lets eligible FPIs settle funds in the cash market on a net basis, which was earlier not permitted. SEBI said it is expected to go live in December 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_a_date_for_the_SEBI_consultation_paper_on_FPI_compliance\"><\/span><strong>Is there a date for the SEBI consultation paper on FPI compliance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. SEBI has not given a timeline in the reports I found. The paper is meant to seek views on aligning Indian requirements with global standards.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_easier_FPI_onboarding_bring_foreign_money_back_to_India\"><\/span><strong>Will easier FPI onboarding bring foreign money back to India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not by itself. Pandey said regulators cannot force foreign investors to allocate capital, because decisions depend on net returns and risk-reward, including tax, currency, oil and earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_have_FPIs_sold_in_Indian_equities_this_year\"><\/span><strong>How much have FPIs sold in Indian equities this year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports citing NSDL data put FPI outflows at a record of about $32.5 billion this year. Domestic investors, including monthly SIP flows of about Rs 32,000 crore, have absorbed part of it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_FPI_onboarding_article_investment_advice\"><\/span><strong>Is this FPI onboarding article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It explains regulatory remarks and their limits. Markets can move sharply on flows, so check official SEBI releases and consider a SEBI-registered adviser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What did the SEBI chief say about FPI onboarding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tuhin Kanta Pandey said on 28 October 2026 that SEBI is working with the RBI on faster onboarding, will review FPI compliance requirements and will issue a consultation paper on aligning rules with global standards. He said safeguards for investor protection and market integrity would be preserved.\"}},{\"@type\":\"Question\",\"name\":\"How fast can an FPI register now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SEBI said some FPIs have been registered in about five days under the SWAGAT-FI framework, down from months. 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Markets can move sharply on flows, so check official SEBI releases and consider a SEBI-registered adviser.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FPI onboarding to be faster and easier, says SEBI chief: RBI coordination, the compliance review, a consultation paper, net settlement from December and what it means for foreign flows.<\/p>\n","protected":false},"author":28,"featured_media":332736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[18281,18276,7811,18280,18279,18273,18277,18275,18278,18274],"class_list":["post-332737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-foreign-portfolio-investors-india","tag-fpi-compliance-review","tag-fpi-onboarding","tag-fpi-outflows-2026","tag-net-settlement-fpi-december","tag-sebi-chief-fpi","tag-sebi-consultation-paper-fpi","tag-sebi-rbi-fpi-onboarding","tag-swagat-fi","tag-tuhin-kanta-pandey-fpi"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["332736"],"rank_math_title":["FPI Onboarding: What the SEBI Chief Said on RBI and Rules"],"rank_math_description":["FPI onboarding to be faster and easier, says SEBI chief: RBI coordination, compliance review, a consultation paper, December net settlement and what it means for flows."],"rank_math_focus_keyword":["FPI onboarding"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/fpi-onboarding-to-get-faster-and-easier-what-the-sebi-chief-said-on-rbi.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=332737"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332737\/revisions"}],"predecessor-version":[{"id":332738,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332737\/revisions\/332738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/332736"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=332737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=332737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=332737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}