https://www.taxtmi.com/circulars?id=67981 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. en-us Tue, 17 Dec 2024 00:00:00 +0530 Tue, 17 Dec 2024 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67981 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. Circulars SEBI Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67981