Payment of margin by FIIs on their sale position - SEBI - FITTC/FII/03/2002

Circulars FC DIVISION FITTC DEPARTMENT EMAIL: [email protected] WEB-SITE:www.sebi.gov.in FAX NO: 91 22 2845776 Circular No. FITTC/FII/03/2002 May 23, 2002 To All Foreign Institutional Investors and Custodians of Securities Dear Sir / Madam, Sub: Payment of margin by FIIs on their sale position. FIIs are required to pay margins on their sale position in terms of circular no. SMDRP/Policy/Cir-34/2001. This margin was imposed as a temporary measure and has since been withdrawn. A copy of SEBI circular SMDRP/Policy/Cir-12/2002 dated May 17, 2002 in this regard is enclosed for your information. The custodians are requested to bring the contents of this circular to the notice of their FII clients. This circular is also available at the web page Foreign Institutional Investors on our web site www.sebi.gov.in. Yours faithfully, P. GUPTA General Manager Encl: Copy of the circular SMDRP/Policy/Cir-12/2002 dated May 17, 2002.