Sebi eases FPI compliance, extends KYC review period from December 1

Effective December 1, Sebi has extended KYC review intervals for certain foreign portfolio investors to periods of two or eight years. According to Business Standard IN, the regulator has also removed a separate disclosure requirement.

The International Monetary Fund stated on Thursday that a mission has been in Egypt this week to conduct talks regarding a staff-level agreement on the country's economic programme. The National Business reports that a draft is expected to be presented to the IMF executive board for approval by mid-December.

The mission's discussions focus on fiscal consolidation and maintaining a tight monetary policy to preserve macroeconomic stability. The National Business notes that Egypt's Extended Fund Facility programme, originally set to expire in October, has been extended until December 15, 2026. IMF communications director Julie Kozack stated that the purpose of the visit is to reach a staff-level agreement before the EFF expires.

Brief written by urgent.news from Business Standard IN, The National Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.