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

2 [ **** ] ************** Notes:- 1. Inserted vide NOTIFICATION No. FEMA. 388/2017-RB dated 24-10-2017 2. Omitted vide Notification No. FEMA.398/RB-2020 dated 18-02-2020 before it was read as 1 [5C. Permission to resident and non-resident entities to undertake hedge transactions with simplified Procedures Notwithstanding anything contained in paras 4, 5, 5A and 5B, resident entities with foreign currency exposures and non- resident entities with rupee exposures, other than individuals, may hedge underlying exchange rate risk arising out of transactions permitted under Foreign Exchange Management Act, 1999, or rules or regulations or directions or orders made or issued thereunder, subject to such simplified terms and conditions as may be set forth in the directions issued by the Reserve Bank from time to time.]