Hedging under past performance route: simplified documentation lets CFO and CS certify declarations and excess limit use. Amendments relax documentary requirements for hedging under the Past Performance route by allowing quarterly declarations and excess limit certifications to be signed by the Chief Financial Officer and Company Secretary (or CEO/COO with CFO if no CS), replacing prior statutory auditor certification; AD Category I banks may permit aggregate outstanding contracts beyond fifty percent of the eligible limit after examining a prescribed CFO/CS declaration and turnover certificate; statutory auditors continue to certify amounts booked and compliance annually.
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Provisions expressly mentioned in the judgment/order text.
Hedging under past performance route: simplified documentation lets CFO and CS certify declarations and excess limit use.
Amendments relax documentary requirements for hedging under the Past Performance route by allowing quarterly declarations and excess limit certifications to be signed by the Chief Financial Officer and Company Secretary (or CEO/COO with CFO if no CS), replacing prior statutory auditor certification; AD Category I banks may permit aggregate outstanding contracts beyond fifty percent of the eligible limit after examining a prescribed CFO/CS declaration and turnover certificate; statutory auditors continue to certify amounts booked and compliance annually.
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