On Thursday, SEBI introduced new operational guidelines for Foreign Venture Capital Investors (FVCIs) and Designated Depository Participants (DDPs).
The guidelines cover registration, compliance, and investment processes, ensuring a smooth transition to the amended FVCI regime starting January 1, 2025. SEBI has set a deadline of March 31, 2025, for existing FVCIs to engage with a DDP for due diligence and continued registration. FVCIs failing to meet this deadline will not be allowed to make new investments.