Sebi eases FPI onboarding with digital power of attorney

The latitude offered by the Securities and Exchange Board of India (Sebi) with the power of attorney (PoA) documents is expected to significantly reduce the time taken to onboard FPIs by eliminating the need for notarisation, apostillisation or consularisation of these documents.

"During interactions with foreign investors, it has been highlighted that notarisation and apostillisation takes considerable time," Sebi said.

"Digitally signed PoA is envisaged to bring down the time taken in onboarding considerably as it eliminates the need for notarisation, apostillisation or consularisation of PoA," Sebi said.

The measure forms part of Sebi's wider effort to leverage technology across the capital markets and further streamline regulatory processes. The regulator said greater use of digital processes would help bring down the overall time required for FPI onboarding.

Read more:F&O trading bill: Retail traders pay Rs 25,000 crore transaction costs in FY26 despite big losses

The regulator has been taking steps to ease the onboarding framework for FPIs by reducing compliance hurdles and relying more extensively on technology driven processes. The new rule came into effect immediately..

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price