The Securities and Exchange Board of India (SEBI) has amended its earlier circular for foreign portfolio investors (FPIs) to allow net settlement of funds for outright transactions conducted in the cash market. The regulator said outright transaction means only purchase or only sale in a single security during the settlement cycle and not both. This new framework will be implemented by December 31, 2026 and will require custodians and other market participants to update their systems.
SEBI’s big decision – Net fund settlement approved for FPIs – Market
