TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Banks Must Halt Proprietary Trading in Currency Futures and Options; Only Client Transactions Allowed Under FEMA 1999.</h1> Authorized Dealer Category - I banks are instructed to cease proprietary trading in currency futures and exchange-traded currency options markets, effective immediately. Transactions in these markets must be conducted solely on behalf of clients. This directive, issued under the Foreign Exchange Management Act 1999, remains in force until further notice. Compliance with this circular is mandatory, notwithstanding any other legal permissions or approvals that may be required.
TaxTMI 