Forward cover for foreign institutional investors: FIIs may hedge full market value of equity holdings, subject to existing Schedule II terms. Registered Foreign Institutional Investors are permitted to enter into forward contracts to hedge the market value of their entire equity investment as on a particular date, without reference to the earlier cut off or percentage limit; hedges that become partially or fully naked due to portfolio shrinkage may continue to original maturity if desired. Other Schedule II requirements remain unchanged and regulatory amendments will be notified separately under FEMA.
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.
Forward cover for foreign institutional investors: FIIs may hedge full market value of equity holdings, subject to existing Schedule II terms.
Registered Foreign Institutional Investors are permitted to enter into forward contracts to hedge the market value of their entire equity investment as on a particular date, without reference to the earlier cut off or percentage limit; hedges that become partially or fully naked due to portfolio shrinkage may continue to original maturity if desired. Other Schedule II requirements remain unchanged and regulatory amendments will be notified separately under FEMA.
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