Offshore Derivative Instruments restrictions: separate ODI registrations and mandatory look through disclosures for concentrated or large subscribers. Issuance of ODIs is restricted to separate dedicated FPI registrations ('ODI' suffix) with no proprietary investments, except for ODIs referencing government securities; ODIs may not reference derivatives and must be fully hedged one-to-one with underlying securities (other than derivatives). ODI subscribers meeting specified concentration or size criteria must provide full look through ownership, economic interest and control disclosures to ODI issuing FPIs for submission to Depositories, subject to defined exemptions, validation through an SOP, monitoring by Depositories, prescribed realignment timelines and enforcement consequences for non-compliance. Segregated portfolios are treated individually for compliance and liquidation requirements.
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.
Offshore Derivative Instruments restrictions: separate ODI registrations and mandatory look through disclosures for concentrated or large subscribers.
Issuance of ODIs is restricted to separate dedicated FPI registrations ("ODI" suffix) with no proprietary investments, except for ODIs referencing government securities; ODIs may not reference derivatives and must be fully hedged one-to-one with underlying securities (other than derivatives). ODI subscribers meeting specified concentration or size criteria must provide full look through ownership, economic interest and control disclosures to ODI issuing FPIs for submission to Depositories, subject to defined exemptions, validation through an SOP, monitoring by Depositories, prescribed realignment timelines and enforcement consequences for non-compliance. Segregated portfolios are treated individually for compliance and liquidation requirements.
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