FPIs Are Barred Only from Issuing ODIs with Derivatives as Underlying; Cash-Market ODIs Remain Unaffected | SEBI Clarifies
- News|Blog|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 19 December, 2024
Latest from Taxmann
PR No.35/2024, Dated 18.12.2024
SEBI has clarified that FPIs have only been barred from issuing Overseas Derivative Instruments (ODIs) with derivative instruments as the underlying. As on date, there are no ODIs with derivative instruments as the underlying. Further, it is also clarified that ODIs referencing cash market securities can continue to be issued.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
