Issuance of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII)

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....of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII). Please refer to our Circular No. IMD/CUST/02/2004 dated January 26, 2004 regarding the captioned subject. Further to the aforesaid circular and insertion of Regulation 15A in the SEBI(FII) Regulations, 1995("Regulations") , it is hereby clarified that the following entities would be deemed to be regu....

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....rities and Exchange Commission (USA), the Commodities Futures Trading Commission (USA), the Securities and Futures Commission (Hong Kong or Taiwan), Australian Securities and Investments Commission (Australia) or other securities or futures authority or commission in any country , state or territory ; 4. Any entity that is a member of securities or futures exchanges such as the New York Stock Exc....