Prohibition on margin for derivative contracts: prior permission required before posting, collecting or paying interest on margin. The regulation prohibits posting or collecting margin for derivative contracts and paying or receiving interest on such margin, except where expressly permitted by these Regulations or other regulations in force at commencement, and requires prior permission of the Reserve Bank for any such activity.
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Provisions expressly mentioned in the judgment/order text.
Prohibition on margin for derivative contracts: prior permission required before posting, collecting or paying interest on margin.
The regulation prohibits posting or collecting margin for derivative contracts and paying or receiving interest on such margin, except where expressly permitted by these Regulations or other regulations in force at commencement, and requires prior permission of the Reserve Bank for any such activity.
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