Regulatory scope of instruments narrowed to exclude securities and specify corporate bonds and debentures, modifying repo treatment. Amendments redefine instrument classification in the Reserve Bank Act provision by removing an explicit reference to securities as underlying, inserting ... Summary
Regulatory scope of instruments narrowed to exclude securities and specify corporate bonds and debentures, modifying repo treatment.
Amendments redefine instrument classification in the Reserve Bank Act provision by removing an explicit reference to securities as underlying, inserting qualifiers that certain instruments are "not being a security," and substituting the term securities with corporate bonds and debentures in multiple clauses; a provision extending "repo" or "reverse repo" to include corporate bonds and debentures is omitted, thereby narrowing and clarifying the scope of eligible instruments and repo treatment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
