TaxTMI 
TaxTMI 
Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020
X X X X Extracts X X X X
X X X X Extracts X X X X
....tions, 2020 No. FEMA. 399/RB-2020.-In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations, to promote orderly development and maintenance of foreign exchange market in India, namely: 1. Short title and commencement i) These regulations may be called the Foreign....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ly or through a third party) to cover some or all of the credit risk that the provider of the collateral poses for the receiver of the collateral; v) "Permitted derivative contract" means: a) Foreign Exchange Derivative Contract undertaken in terms of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 and Master Direction-Risk Management and Inter-bank De....
X X X X Extracts X X X X
X X X X Extracts X X X X
....gned to them in the Act. 3. Prohibition Save as otherwise provided in these regulations and any other regulations issued under the Act and in force on the date of commencement of these regulations, no person shall post or collect margin for derivative contracts and pay or receive interest on such margin without the prior permission of the Reserve Bank. 4. Permission Notwithstanding anything co....