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Citi Launches Platform to Speed Foreign Investor Registration

Citi Launches Platform to Speed Foreign Investor Registration
Citi eFPI platform to speed up FPI registration in India · thehindubusinessline.com

Citigroup has created a new online tool for foreign investors.

The tool is called eFPI @ Citi.

It is meant to make signing up to invest in India easier.

Eligible investors may be able to complete registration in five business days.

The first group includes regulated funds from three countries or regions.

More countries are planned for the next phase.

The effort supports SEBI’s goal of making the process faster and more digital.

The platform was announced at a fintech event in Mumbai.

Key facts

Platform
eFPI @ Citi
Target registration time
Five business days
First-phase coverage
Regulated funds from the United States, Ireland, and Luxembourg
Second-phase coverage
Singapore, Canada, Australia, and the United Kingdom
Announced at
Global Fintech Fest in Mumbai
Regulatory context
SEBI is working to speed up and streamline FPI registration

Sources

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