The Securities and Exchange Board of India (SEBI) recently introduced new rules for certain Foreign Portfolio Investors (FPIs). These rules have been interpreted by the Congress as an admission of guilt. Here are some key points regarding the new rules: - SEBI has classified FPIs into two broad categories, namely Category I and Category II. Category I FPIs include government and government-related entities, while Category II includes regulated entities such as mutual funds, banks, and portfolio managers. - According to the new rules, Category II FPIs can now invest in securities of issuers from countries identified by the Financial Action Task Force (FATF) as high-risk jurisdictions. This has raised concerns as it may expose the Indian markets to potential money laundering risks. - Congress has criticized the move, alleging that the new rules indicate an admission of guilt on the part of the government for previously allowing investments from high-risk jurisdictions. Overall, the new rules by SEBI pertaining to certain FPIs have been met with criticism from the Congress, who see it as an admission of wrongdoing.