New SEBI Rules Require FPIs to Disclose Ownership, Addressing Regulatory Concerns
• New SEBI norms require FPIs to disclose beneficial ownership, addressing concerns some hold concentrated investments to circumvent regulations • Markets expected to remain under pressure as new norms take effect Feb 1; FPIs sold ₹35,000 cr in Jan and Sensex fell 1,539 points • Norms target high-risk FPIs with over 50% equity AUM in a single corporate group or over ₹25,000 cr invested • Comes after allegations some Adani-linked FPIs were fronts to circumvent rules, which Adani denied • FPIs had 90 days to cut excess exposure; if don't disclose holdings by March 11 get 6 more months but may opt to sell if uncomfortable revealing details