New Delhi, April 23 -- India's capital markets regulator is set to roll out a common contract note (CCN) for foreign portfolio investors (FPIs) from 30 April, a move that promises to simplify trade documentation but also adds to the growing complexity of doing business in the country.

The new system, replacing the separate trade summaries-documents that detail the price, quantity, and charges of each transaction-currently issued for trades on the BSE and the National Stock Exchange (NSE), is aimed at boosting transparency, cutting costs, and streamlining processes.

It will bring FPIs in line with retail investors, who already receive unified trade notes. At present, FPIs get separate notes for trades on each exchange; the new system wil...