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of <h1>Derivative Contract Margins Now Require Reserve Bank Approval Before Posting, Collecting, Paying, or Receiving</h1> The regulation prohibits posting, collecting, paying, or receiving margin for derivative contracts without prior permission from the Reserve Bank. This restriction applies universally unless specifically exempted by other existing regulations under the Foreign Exchange Management Act. The provision aims to regulate and control derivative contract margin transactions, ensuring centralized oversight and approval by the financial regulatory authority.
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