Extension of timeline for implementation of provisions of SEBI circular dated December 17, 2024 on Measures to address regulatory arbitrage with respect to Offshore Derivative Instruments (ODIs) and FPIs with segregated portfolios vis-à-vis FPIs

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.... Portfolio Investors ("FPIs") 2. Designated Depository Participants ("DDPs") and Custodians 3. The Depositories 4. The Stock Exchanges and Clearing Corporations Dear Sir / Madam, Subject: Extension of timeline for implementation of provisions of SEBI circular dated December 17, 2024 on Measures to address regulatory arbitrage with respect to Offshore Derivative Instruments (ODIs) and FPIs wit....

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....ular." 3. Based on representations received from market participants and in order to ensure smooth implementation of the said circular, it has been decided to extend the above timeline, prescribed under Paragraphs 4 and 5 of the said circular, to November 17, 2025. 4. All other provisions of SEBI circular dated December 17, 2024 shall remain unchanged. 5. This Circular is issued in exercise of ....