Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs) activity

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....derlying Indian securities about the reporting format for reporting issuance / renewal / cancellation / redemption of the aforesaid instruments. 2. On a review, it has been decided to revise the reporting formats. Revised reporting formats:- 3. The FIIs issuing ODIs/PNs shall be now be required to provide information about their ODI/PN activity and their underlying trade(s) activity in India in the following manner: - a. Following reports to be submitted by 10th of every month with a six month's lag (e.g. report providing details of ODI/PN activity for the month of April shall be submitted in the month of October):- •  Annexure A - Details of ODI/PN activity. •  Annexure B_Equity - Detai....

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.... that the KYC compliance norms have been followed for the beneficial owner of the Offshore Derivative Instrument" Reporting of FII to FII ODI/PN activity:- 5. In case an ODI/PN issuer (A) issues an ODI/PN to another FII (B) that further issues the ODI/PN, then the ODI/PN reporting for (A) would be limited to naming (B) as the subscriber, on the basis that (B) in its FII capacity is providing a monthly ODI/PN report to SEBI. The reporting from (B) would meet SEBI's requirements and avoid duplication of reporting. 6. As per Circular No IMD/CUST/9/2003 dated November 20, 2003, FIIs who do not have any outstanding offshore derivatives are required to submit a statement of 'Nil' report once every quarter along with the stipulated undert....