Sebi extends KYC review timelines for foreign portfolio investors to ease compliance

Exam-focused facts from the 31 October 2026 current affairs briefing.

Key facts

Markets regulator Securities and Exchange Board of India (Sebi) extended the periodicity of Know Your Client (KYC) review for foreign portfolio investors (FPIs) registered in India from one year to two years and from three years to eight years.
Currently, FPIs are subject to periodic KYC review annually or once every three years, depending on the applicable category and other criteria.
For the special category of FPIs labelled Swagat-FIs, the periodicity of KYC review will remain unchanged at 10 years.
The existing relaxations for GS-FPIs will remain unchanged under the revised framework.