https://www.taxtmi.com/circulars?id=2776 Permits SEBI-approved clearing corporations and their clearing members to open and maintain dematerialised accounts with foreign depositories to acquire, hold, pledge, transfer and liquidate foreign sovereign securities offered by FIIs as non-cash collateral for derivatives transactions, and to remit proceeds from corporate actions. Requires monthly reporting by clearing corporations of balances of such foreign sovereign securities held as non-cash collateral to the Reserve Bank by the tenth of the following month, and notes that regulatory amendments will be issued separately. en-us Thu, 19 Jul 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2776 Permits SEBI-approved clearing corporations and their clearing members to open and maintain dematerialised accounts with foreign depositories to acquire, hold, pledge, transfer and liquidate foreign sovereign securities offered by FIIs as non-cash collateral for derivatives transactions, and to remit proceeds from corporate actions. Requires monthly reporting by clearing corporations of balances of such foreign sovereign securities held as non-cash collateral to the Reserve Bank by the tenth of the following month, and notes that regulatory amendments will be issued separately. Circulars FEMA Thu, 19 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2776