Issuance of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII)

Regulated entity definition expanded: corporate filings, central bank or securities regulator supervision, exchange membership, or externally managed investment entities.

Clarifies the scope of entities treated as regulated entities for the purposes of Regulation 15A under the SEBI(FII) framework: (1) entities incorporated in jurisdictions requiring registrar filings; (2) entities authorised and regulated by a central bank; (3) entities authorised and regulated by a securities or futures commission; (4) members of recognised securities or futures exchanges or accountable self regulatory organisations; and (5) individuals or investment vehicles whose advisory function is managed by an entity meeting the foregoing criteria.