Transfer restrictions on offshore derivative instruments require eligible transferees and prior consent unless transferees are pre approved. The substituted regulation requires a foreign portfolio investor to ensure transfers of offshore derivative instruments are made only to persons satisfying sub regulation (1) and that such transfers occur with the prior consent of the foreign portfolio investor, except where transferees are pre approved by the foreign portfolio investor.
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.
Transfer restrictions on offshore derivative instruments require eligible transferees and prior consent unless transferees are pre approved.
The substituted regulation requires a foreign portfolio investor to ensure transfers of offshore derivative instruments are made only to persons satisfying sub regulation (1) and that such transfers occur with the prior consent of the foreign portfolio investor, except where transferees are pre approved by the foreign portfolio investor.
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