Conditions for issuance of offshore derivative instruments: issuance limited to regulated persons with KYC, transfer controls and disclosure obligations. Conditions for issuance of Offshore Derivative Instruments require issuance only to persons regulated by an appropriate foreign regulatory authority and after compliance with know your client norms; Category II treatment for certain unregulated broad based funds is conditional on a regulated investment manager while Category III FPIs are prohibited from dealing in such instruments. Transfers must meet issuance eligibility and generally require issuer consent unless transferees are pre approved. FPIs must disclose terms and parties to the Board and collect a specified regulatory fee from every subscriber.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Conditions for issuance of offshore derivative instruments: issuance limited to regulated persons with KYC, transfer controls and disclosure obligations.
Conditions for issuance of Offshore Derivative Instruments require issuance only to persons regulated by an appropriate foreign regulatory authority and after compliance with know your client norms; Category II treatment for certain unregulated broad based funds is conditional on a regulated investment manager while Category III FPIs are prohibited from dealing in such instruments. Transfers must meet issuance eligibility and generally require issuer consent unless transferees are pre approved. FPIs must disclose terms and parties to the Board and collect a specified regulatory fee from every subscriber.
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