SEBI issued circulars on Single Window Automatic and Generalised Access for Trusted Foreign Investors (‘SWAGAT–FI’) framework for Foreign Portfolio Investors ('FPIs') and Foreign Venture Capital Investors (‘FVCIs') extending ease of compliance and doing business to such SEBI registered FPIs. This will enable a unified registration process across multiple investment routes and minimize repeated compliance requirements and documentation for such investors. Existing and new FPIs that meet specified eligibility criteria can avail these benefits. Beneficiaries include FPIs registered with SEBI such as central banks, sovereign wealth funds, appropriately regulated and broad based mutual funds, insurance companies and pension funds. Earlier, SEBI (FPI) Regulations, 2019 and SEBI (FVCI) Regulations, 2000 were amended to provide for the introduction of SWAGAT-FI framework for FPIs and FVCIs. The provisions of the circulars come into effect from June 01, 2026. The circulars issued on January 16, 2026 can be accessed on the SEBI website www.sebi.gov.in under the link Legal - > Circulars. Contact information: Communications Division, SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. Tel: +91-22-26449000 Email: press@sebi.gov.in. PR No.08/2026.
Key Entities Referenced
Securities and Exchange Board of India (SEBI): The primary regulator issuing the circulars and responsible for overseeing FPIs and FVCIs.
SWAGAT-FI: Single Window Automatic and Generalised Access for Trusted Foreign Investors, a framework for Foreign Portfolio Investors ('FPIs') and Foreign Venture Capital Investors ('FVCIs').
Foreign Portfolio Investors (FPIs): Investors registered with SEBI that are directly impacted by the SWAGAT-FI framework.
Foreign Venture Capital Investors (FVCIs): Investors registered with SEBI that are directly impacted by the SWAGAT-FI framework.
SEBI (FPI) Regulations, 2019 and SEBI (FVCI) Regulations, 2000: The previous regulations that have been amended to provide for introduction of the SWAGAT-FI framework for FPIs and FVCIs.
PR No.08/2026
SEBI says SWAGAT to FPIs and FVCIs
SEBI issues circulars on Single Window Automatic and Generalised Access for
Trusted Foreign Investors (‘SWAGAT–FI’) framework for Foreign Portfolio Investors
(‘FPIs’) and Foreign Venture Capital Investors (‘FVCIs’) extending ease of compliance
and doing business to such SEBI registered FPIs by:
i. Enabling a unified registration process across multiple investment routes.
ii. Minimizing repeated compliance requirements and documentation for such
investors.
These benefits can be availed by existing as well as new FPIs that meet specified
eligibility criteria. FPIs registered with SEBI such as central banks, sovereign wealth
funds, appropriately regulated and broad based mutual funds, insurance companies
and pension funds will be the beneficiaries of these changes.
Earlier, SEBI (FPI) Regulations, 2019 and SEBI (FVCI) Regulations, 2000 were
amended to provide for introduction of SWAGAT-FI framework for FPIs and FVCIs.
This key measure would reduce regulatory complexity and enhance India’s global
competitiveness as an investor-friendly destination.
The provisions of the circulars come into effect from June 01, 2026.
The circulars issued today can be accessed on the SEBI website www.sebi.gov.in
under the link Legal - > Circulars.
Mumbai
January 16, 2026
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