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The Securities and Exchange Board of India (SEBI) has issued a new circular regarding Foreign Portfolio Investors (FPIs) and Overseas Derivative Instruments (ODIs). According to the circular, FPIs are now required to have dedicated registration and are prohibited from hedging ODIs with derivative positions in India. However, SEBI clarified that FPIs are not entirely banned from issuing ODIs; they are only barred from using derivatives as the underlying instruments. As of now, there are no ODIs that utilize derivatives as their underlying assets. This clarification comes amid reports suggesting a broader prohibition by SEBI on FPIs concerning ODIs.
#MarketsWithMC | Sebi clarifies, FPIs only barred from issuing ODIs with derivatives as underlying Here's all the details ⤵️ https://t.co/u04y79rnbp #Sebi #StockMarket
#NewsAlert | SEBI clarifies: FPIs not prohibited from issuing Overseas Derivative Instruments (ODIs) #SEBI #StockMarket https://t.co/bE1p2Mm4yp
#SEBI Says 📢 *Reports of #SEBI prohibiting FPIs from issuing overseas derivative instruments, are incorrect *#FPIs have only been barred from issuing #ODIs with derivative instruments as the underlying *As on date, there are no ODIs with derivative instruments as the… https://t.co/FLnX7YjfbQ
