Foreign investors can now submit digital power of attorney to SEBI
SEBI has permitted foreign portfolio investors (FPIs) to provide power of attorney documents with digital signatures, eliminating the requirement for notarized or officially verified copies. This change is set to streamline the onboarding of FPIs, cut down on documentation, and accelerate the registration process for international investors. Previously, FPIs were required to provide physically verified paperwork to custodians, a step that often slowed down the onboarding timeline.
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