Business
Sebi eases FPI compliance rules for G-Sec bets
The change follows a June 5, 2026 circular by the RBI, which withdrew the requirement for FPIs investing in government securities through the general route to comply with the prescribed concentration limit.
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Spain has announced a new initiative requiring banks to participate in a syndicated 20-year green government bond, aimed at generating about four billion euros soon. Leading financial institutions such as Barclays, BBVA, Credit Agricole CIB, J.P. Morgan, Morgan Stanley, and Santander will manage the offering. Additional primary dealers will be welcomed in the syndication while the funds raised will align with Spain’s refreshed Green Bond Framework.
“The requirement for identification of investor group by an FPI investing only in government securities is no longer relevant and is therefore being removed,” Sebi said in a circular. The rules comes into force with immediate effect. Sebi has directed depositories, custodians and designated depository participants to make changes to their systems to implement the revised requirement.
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