FPIs Must Issue ODIs Exclusively Through a Separate FPI Registration Ensuring No Proprietary Investments | SEBI
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Circular No. SEBI/HO/AFD/AFD-POD-3/P/CIR/2024/176; Dated: 17.12.2024
SEBI has issued measures to address regulatory arbitrage regarding Offshore Derivative Instruments (ODIs) and FPIs with segregated portfolios. An FPI must issue ODIs only through a separate dedicated FPI registration with no proprietary investments. Such registration must be in the name of the FPI with ‘ODI’ as a suffix under the same PAN. Also, SEBI has mandated additional disclosures by ODI subscribers that fulfil certain objective criteria.
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