Parking of Funds in short-term bank deposits: mandatory disclosure of margin term deposits in half-yearly portfolio statements. The circular clarifies that the prior instruction does not apply to term deposits placed as margins for cash and derivatives trading, withdraws the earlier related circular, and mandates that all term deposits placed as margins be disclosed in half-yearly portfolio statements under a separate heading with bank name, amount, duration and percentage of NAV.
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Provisions expressly mentioned in the judgment/order text.
Parking of Funds in short-term bank deposits: mandatory disclosure of margin term deposits in half-yearly portfolio statements.
The circular clarifies that the prior instruction does not apply to term deposits placed as margins for cash and derivatives trading, withdraws the earlier related circular, and mandates that all term deposits placed as margins be disclosed in half-yearly portfolio statements under a separate heading with bank name, amount, duration and percentage of NAV.
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