The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard.
DDPs act as a link between the markets regulator and overseas investors.
The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.