Foreign Exchange Management (Margin for Derivatives Contracts) (First Amendment) Regulations, 2024.

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....ment (Margin for Derivatives Contracts) (First Amendment) Regulations, 2024 No. FEMA.399(1)/2024-RB.-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 of India hereby makes the following amendments in the Foreign Exchange Management (Margin for Derivatives Contracts) Regulations, 2020 [N....

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....uary 10, 2022), as amended from time to time, and (ii) In the Principal Regulation, Regulation 4 shall be substituted with the following, namely:- 4. Permission (1) Notwithstanding anything contained in any other regulation issued by the Reserve Bank under the Act and for the time being in force, and subject to directions issued by the Reserve Bank in this regard, authorised d....

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.... the margin may be undertaken by the Authorised Dealer or by its overseas branches or its overseas head office (including its overseas branches), subject to terms and conditions specified by the Reserve Bank. (2) Notwithstanding anything contained in any other regulation issued by the Reserve Bank under the Act and for the time being in force, and subject to directions issued by the Reser....