Conditions for issuance of offshore derivative instruments

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....tly or indirectly, unless the following conditions are satisfied - (a) such offshore derivative instruments are issued only by persons registered as Category I foreign portfolio investor; (b) such offshore derivative instruments are issued only to persons eligible for registration as Category I foreign portfolio investors; Explanation - For the purpose of this sub-regulation, where an entity....

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....ses, where the persons to whom the offshore derivative instruments are to be transferred, are pre-approved by the foreign portfolio investor. (3) A foreign portfolio investor shall fully disclose to the Board any information concerning the terms of and parties to off-shore derivative instruments, by whatever names they are called, entered into by it relating to any securities listed or proposed t....