https://www.taxtmi.com/circulars?id=7686 FIIs are permitted to offer foreign sovereign securities with AAA rating as collateral to recognised stock exchanges in India for derivatives transactions; SEBI will issue operational guidelines and recognised exchanges must secure any necessary approvals from the Reserve Bank under the Foreign Exchange Management Act. Amendments to the relevant FEMA regulations will be issued and Authorised Dealer Category I banks should inform their constituents. Directions are issued under sections 10(4) and 11(1) of FEMA, 1999. en-us Fri, 28 Jul 2006 00:00:00 +0530 Fri, 25 Sep 2009 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7686 FIIs are permitted to offer foreign sovereign securities with AAA rating as collateral to recognised stock exchanges in India for derivatives transactions; SEBI will issue operational guidelines and recognised exchanges must secure any necessary approvals from the Reserve Bank under the Foreign Exchange Management Act. Amendments to the relevant FEMA regulations will be issued and Authorised Dealer Category I banks should inform their constituents. Directions are issued under sections 10(4) and 11(1) of FEMA, 1999. Circulars FEMA Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7686