SEBI issued a clarification regarding the

Dec 18, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial Compliance The Securities and Exchange Board of India (SEBI) on December 18, 2024, issued a clarification regarding the prohibition of FPIs from issuing Overseas Derivative Instruments (ODIs).

It is clarified that FPIs have only been barred from issuing ODIs with derivative instruments as the underlying. As on ate, there are no ODIs with derivative instruments as the underlying.

It is further clarified that ODIs referencing cash market securities can continue to be issued.

[Press Release No.35/2024]

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