SEBI proposes SWAGAT-FI for low risk foreign investors

Security Exchange Board of India (SEBI) has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country’s attractiveness as an investment destination.

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Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and documentation for such entities, SEBI said in its consultation paper.

The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, and multilateral entities, highly regulated public retail funds, and appropriately regulated insurance companies, as well as pension funds.