The Securities and Exchange Board of India (SEBI), vide Notification No. SEBI/LAD-NRO/GN/2026/310 dated 3 July 2026, has notified the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026, amending the SEBI (Foreign Portfolio Investors) Regulations, 2019. The regulations will come into force on the 180th day from publication in the Official Gazette, except sub-regulation III of regulation 3, which takes effect on publication. The amendments omit the reference to the fee specified in Part A of the Second Schedule from regulation 3(2), substitute specified US dollar fee amounts with rupee amounts payable in eligible foreign exchange equivalent, revise the fee payment stage from submission of the form to prior to grant of registration, and replace the US $1,000 amount in regulation 43B(2) with Rs. 90,000 in eligible foreign exchange equivalent. A new field requiring the date of birth/incorporation/agreement/partnership or trust deed/formation of the foreign portfolio investor is inserted in the First Schedule. The notification also revises the procedure and timelines for designated depository participants to remit fees collected from foreign portfolio investors to SEBI and substitutes the Part C fee of US $800 with Rs. 75,000 in eligible foreign exchange equivalent.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 3rd July, 2026
Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026
No. SEBULAD-NRO/GN/2026/310.— In exercise of the powers conferred by Section 30(1) read with Section 11(1), Section 11(2)(ba), Section 12(1) and Section12(1A) of the Securities and Exchange Board of India Act, 1992 (15 of 1992), and under Section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following regulations, to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, namely, —
1. These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2026.
2. They shall come into force on the one hundred eightieth day from the date of publication of these regulations in the Official Gazette:
Provided that sub-regulation III of regulation 3 shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, —
I. In regulation 3(2), the words “the fee specified in Part A of the Second Schedule and” shall be omitted;
II. In regulation 43B(2), the words and symbols “US $1000” shall be substituted with the words and symbols “Rs. 90,000 in eligible foreign exchange equivalent”;
III. In the First Schedule, paragraph W and V shall be renumbered as paragraph V and VI respectively and before the paragraph V so renumbered, the following new paragraph W shall be inserted, namely, –
“IV. The date of Birth/Incorporation/Agreement/Partnership or Trust Deed/Formation of Body of Individuals or Association of Persons of the foreign portfolio investor is ../../….”
IV. In the Second Schedule, in Part A,
i. In clause (1),
a. the words and symbols “US $2500 and US $250” shall be substituted with the words and symbols “Rs. 2,30,000 and Rs. 23,000 in eligible foreign exchange equivalent”; and
b. the words “at the time of submission of the Form” shall be substituted with the words “prior to the grant of certificate of registration”.
ii. In clause (4), in the first proviso,
a. the words and symbols “US $50” shall be substituted with the words and symbols “Rs. 4,500 in eligible foreign exchange equivalent”; and
b. the words and symbols “US $5” shall be substituted with the words and symbols “Rs. 500 in eligible foreign exchange equivalent”.
iii. Clause (5) shall be substituted with the following, namely, –
“(5) Every designated depository participant shall remit the fees collected from the foreign portfolio investors in INR to the Board in the following manner:
(a) in the case of initial registration, within five working days from the date of grant of certificate of registration to the foreign portfolio investor, along with the details in the format, as may be specified from time to time;
(b) in the case of fees paid for subsequent blocks after registration or any late fees, within five working days from the date of receipt of such fees by the designated depository participant, along with the details in the format, as may be specified from time to time.”
V. In the Second Schedule, in Part C, in clause (1) the words and symbols “US $800” shall be substituted with the words and symbols “Rs. 75,000 in eligible foreign exchange equivalent”.
AMIT PRADHAN, Executive Director
[ADVT.-III/4/Exty./206/2026-27]
Note:
The Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 was published in the Gazette of India on September 23, 2019 vide notification No. SEBI/LAD-NRO/GN/2019/36) and was last amended by the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2025 vide Notification No. No. SEBI/LAD-NRO/GN/2025/279.
