Economy Finally, some transparency on foreign portfolio investors Updated : April 27, 2018 12:08 PM IST Sebi has provided a clearer mechanism for identification and reporting of beneficial ownership of FPIs. The Sebi action is a relief for Designated Depository Participants, which have consistently faced difficulties while determining beneficial ownership of FPIs and obtaining related KYC documentation. The regulator has effectively tightened the noose around disclosures made by FPIs in tandem with the measures prescribed under the Prevention of Money Laundering Act, 2002. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.