Market regulator Sebi on Friday proposed allowing individual foreign investors to complete their regulatory onboarding digitally, a move aimed at simplifying the process and boosting their participation in the Indian securities market.
Under the proposed framework, intermediaries may undertake video-based customer identification and verification (VIPV) for individual Person Resident Outside India (PROI) clients, including Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and foreign nationals residing outside India.
