IFSCA clarification regarding issue of Offshore Derivative Instruments (ODIs)

The International Financial Services Centres Authority vide circular dated October 5, 2021 has issued clarification regarding issue of Offshore Derivative Instruments (ODIs). Offshore Derivative Instruments (ODIs) shall be issued in compliance with the provisions of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 dated September 23, 2019 (as amended) including reporting of data on ODIs to the Securities and Exchange Board of India.

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