Regulation 5B - Omitted - Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000

3 [ **** ] ---------------------- Notes:- 1. Inserted vide Notification No. FEMA 303/2014-RB dated May 21, 2014 . 2. Substituted vide Not.378/RB-2016 - Dated 25-10-2016, before it was read as, 1 [Permission to a person resident outside India to enter into currency futures or exchange traded currency options 05B. A person resident outside India who is eligible to invest in securities as laid down in Schedules 2 , 5 , 7 and 8 of Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulations, 2000 ( FEMA 20/2000-RB dated May 3, 2000 (GSR 406 (E) dated May 3, 2000) ) as amended from time to time, may enter into currency futures or exchange traded currency options contracts on a stock exchange recognised under section 4 of Securities Contracts (Regulations) Act, 1956 to hedge an exposure to risk, subject to such terms and conditions as may be set forth in the directions issued by the Reserve Bank of India from time to time.] 3. Omitted vide Notification No. FEMA.398/RB-2020 dated 18-02-2020 before it was read as 2 [ 5B Permission to a person resident outside India to enter into exchange traded currency derivatives A person resident outside India who is exposed to Rupee currency risk arising out of: (i) a permitted current account transaction or (ii) a Rupee denominated asset held by him or a Rupee denominated liability incurred by him, as permitted under FEMA, 1999, may transact currency derivatives contracts on a stock exchange recognised under section 4 of Securities Contracts (Regulations) Act, 1956 to hedge such exposure, subject to such terms and conditions as may be set forth in the directions issued by the Reserve Bank of India from time to time.]