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

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....ruments by Registered Foreign Institutional Investors (FII). Vide our circular IMD/CUST/8/2003 dated August 08, 2003 , SEBI had directed all FIIs issuing offshore derivative/financial instruments against underlying Indian securities to report issuance / renewal / cancellation / redemption of the aforesaid instruments to SEBI as per the format prescribed in the said circular. The report had to be ....

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....s against underlying Indian securities on a fortnightly basis as prescribed in Circular No. IMD/CUST/8/2003 dated August 08, 2003 as soon as we have issued/subscribed any such off-shore derivative instrument." After submission of the undertaking , FIIs having nil outstanding off-shore derivatives need not submit 'Nil' report for the remaining fortnights during the current quarter and the first qu....