New Delhi, March 2 -- Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said the regulator is aiming to reduce the time taken for Foreign Portfolio Investor (FPI) registrations from the current average of 30 days to less than a week through a digital push, while balancing speed with due diligence.

Speaking to ANI, Pandey said that, on average, it takes 30 days, and the regulator is working towards a target of reducing it to five days. "We haven't come down to five days yet. That's our goal. It's a tough goal," Pandey noted.

He pointed out that while SEBI's internal processing averages around 30 days, the actual experience of FPIs can be longer due to back-and-forth communication between investors and custodians....