Citi Securities first to register an FPI via CAF

MUMBAI: Citi Securities Services became the first designated depository participant in India to register a foreign portfolio investor (FPI) through the common application form (CAF), supporting ease of doing business in India, according to a Citi release. The CAF is an online form that enables FPIs to register with Sebi, obtain a permanent account number as well as open a bank account and dematerialised securities account in India. “CAF automates, simplifies and consolidates multiple requirements,” said Aditya Sharma, head of Prime, Futures & Securities Services, Citi, South Asia. The online portal of NSDL facilitated the FPI registration.