SEBI Extends ODI & FPI Disclosure Deadline to Nov. 17, 2025

Circular no. SEBI/HO/AFD/AFD-POD-3/P/CIR/2025/71, Dated: 16.05.2025

The Securities and Exchange Board of India (SEBI) has announced an extension to the timeline for implementing key disclosure requirements outlined in its circular dated December 17, 2024.

1. Objective of the Circular

The original circular was introduced to curb regulatory arbitrage and strengthen transparency concerning:

• Offshore Derivative Instruments (ODIs)
• Foreign Portfolio Investors (FPIs) with segregated portfolios

The move was aimed at improving oversight and ensuring compliance with global best practices in capital markets.

2. New Implementation Deadline

The revised timeline extends the deadline for compliance to November 17, 2025.
This provides additional time for market participants to align their operations and reporting mechanisms with the new disclosure standards.

3. No Change in Other Provisions

SEBI has clarified that all other provisions of the December 17, 2024 circular remain unchanged. Entities involved in ODIs and segregated portfolio structures are still expected to meet the spirit and scope of the original regulatory intent.

4. Implications for Market Participants

This extension:

• Allows additional preparation time for FPIs and intermediaries
• Reinforces SEBI’s commitment to transparent and well-regulated capital markets
• Ensures smooth implementation of complex reporting and compliance changes

Click Here To Read The Full Circular