MUMBAI: The Securities and Exchange Board of India (Sebi) has eased the registration process for foreign portfolio investors (FPI) by allowing digital signatures.
“As a key step in digitising the FPI on boarding process, a new digital signature certificate (DSC) functionality from Indian DSC issuers has been developed within the common application form (CAF) portal,” Sebi said in a statement on Thursday.
This new feature embeds FPI registration application and DSC application into a single, unified process, easing the on-boarding of FPI clients, it said. The move further streamlines the FPI registration process as applicants can now directly apply for DSC while submitting CAF in the portal, the regulator said.