Derivative access for non-residents: exchange-traded derivatives allowed under SEBI limits; FPIs permitted interest-rate derivatives under RBI conditions. The amendment deletes the Note to clause 5 and inserts clauses allowing non-residents to use derivatives: clause (5)(a) permits FPIs, NRIs and OCIs to trade or invest in SEBI-approved exchange-traded derivatives subject to SEBI-prescribed limits and Schedule 5 conditions; clause (5)(b) permits FPIs to enter into interest rate derivatives subject to conditions specified by the Reserve Bank of India.
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Derivative access for non-residents: exchange-traded derivatives allowed under SEBI limits; FPIs permitted interest-rate derivatives under RBI conditions.
The amendment deletes the Note to clause 5 and inserts clauses allowing non-residents to use derivatives: clause (5)(a) permits FPIs, NRIs and OCIs to trade or invest in SEBI-approved exchange-traded derivatives subject to SEBI-prescribed limits and Schedule 5 conditions; clause (5)(b) permits FPIs to enter into interest rate derivatives subject to conditions specified by the Reserve Bank of India.
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