Eligible Foreign Investor participation in commodity derivatives limited to non-agricultural, cash settled, foreign currency denominated contracts based on overseas settlement prices. EFIs may participate in IFSC commodity derivatives only in non-agricultural commodities; contracts must be cash settled based on settlement prices determined on overseas exchanges; and all transactions must be denominated in foreign currency. Exchanges must amend bye laws, rules and regulations and notify members and publish the provisions on their websites to implement these conditions.
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.
Eligible Foreign Investor participation in commodity derivatives limited to non-agricultural, cash settled, foreign currency denominated contracts based on overseas settlement prices.
EFIs may participate in IFSC commodity derivatives only in non-agricultural commodities; contracts must be cash settled based on settlement prices determined on overseas exchanges; and all transactions must be denominated in foreign currency. Exchanges must amend bye laws, rules and regulations and notify members and publish the provisions on their websites to implement these conditions.
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