New Delhi, May 15 -- Market regulator Securities and Exchange Board of India (SEBI) has eased PAN-related compliance requirements for Foreign Portfolio Investors (FPIs) using the Common Application Form (CAF), a single form used by overseas investors for registration, opening bank and demat accounts, and obtaining PAN in India.

This move came after concerns were raised over difficulties in complying with new income-tax rules during investor onboarding.

In a press release issued on Friday, SEBI said the Central Board of Direct Taxes (CBDT) had introduced new PAN application forms in March 2026, which added several mandatory information requirements for FPIs, including taxpayer identification details and representative information.

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