The Securities and Exchange Board of India (SEBI) recently introduced new rules regarding certain Foreign Portfolio Investors (FPIs). Congress, the national political party in India, believes that these rules indicate an admission of guilt. Here are the potential implications of SEBI's new rules and why Congress sees it this way: 1. Increased scrutiny: The new rules require FPIs to provide more detailed information about their ultimate beneficial owners. This could result in increased scrutiny by SEBI and potentially expose any wrongdoing or non-compliance. 2. Enhanced control: SEBI's rules also grant more powers to the market regulator in investigating and taking action against FPIs. The increased control could help uncover any possible violations. 3. Potential legal implications: The Congress party argues that the introduction of stricter rules suggests that SEBI acknowledges past lapses or irregularities in regulating FPIs. They consider it an admission of guilt on the part of SEBI for not properly regulating these entities in the past. It is important to note that these are the viewpoints of the Congress party and may not reflect the official stance of SEBI or other stakeholders.