Ushering in a new regime for overseas investors as FPIs (Foreign Portfolio Investors), Securities and Exchange Board of India – Sebi on Wednesday, issued operating guidelines for depository participants to register these new entities.This will help ensure that their combined holding in any listed company remains capped at 10 per cent. The operating guidelines have come a day after Sebi notifying its FPI Regulations, 2014.This new class of investors, FPIs, would encompass all Foreign Institutional Investors (FIIs), their sub-accounts and Qualified Foreign Investors (QFIs). Sebi approved Designated Depository Participants (DDPs) would grant registration to FPIs on behalf of the regulator and also carry out other allied activities in compliance with regulations. Each FPI will engage a DDP before making investment in Indian securities market. At all times the DDP and custodian of securities of the FPI will be the same entity, Securities and Exchange Board of India (Sebi) said in a circular.