Sebi prohibits FPIs from issuing OFIs with derivatives as underlying, ET LegalWorld
Markets watchdog Sebi on Tuesday prohibited Foreign Portfolio Investors (FPIs) from issuing Offshore Derivative Instruments (ODIs) with derivatives as the underlying or using derivatives to hedge their ODIs in India. The measure is aimed at addressing regulatory arbitrage for ODIs and FPIs with segregated portfolios. In its circular, the Securities and Exchange Board of India […]