Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs) activity

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..... Please refer to SEBI Circular No. IMD/CUST/8/2003 dated August 8, 2003 read with Circular No. IMD/CUST/9/2003 dated November 20, 2003 read with Circular No. IMD/CUST/15/2004 dated April 02, 2004, advising FIIs issuing Offshore Derivative Instruments (ODIs)/ Participatory Notes (PNs) against underlying Indian securities about the reporting format for reporting issuance / renewal / cancellation / r .....

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..... ing Indian security is Debt. * Annexure B_Derivative - Details of underlying trade(s) in the Indian market where the type of underlying Indian security is Derivative. * Annexure C_Equity - Details of assets under management in Indian market where the type of underlying Indian security is Equity. * Annexure C_Debt - Details of assets under management in Indian market where the type of underly .....

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..... iance norms have been followed for the beneficial owner of the Offshore Derivative Instrument" Reporting of FII to FII ODI/PN activity:- 5. In case an ODI/PN issuer (A) issues an ODI/PN to another FII (B) that further issues the ODI/PN, then the ODI/PN reporting for (A) would be limited to naming (B) as the subscriber, on the basis that (B) in its FII capacity is providing a monthly ODI/PN repor .....

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..... which the materiality of Indian underlyers is less than 20% of the index, even if such exposure was hedged onshore. However, custom baskets would always be reportable if hedged onshore regardless of percentage of the Indian component that is hedged onshore. Manner of submission:- 8. The above-mentioned reports shall be submitted in a password secured excel format. The e-mail should be sent only .....

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..... d of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. A copy of this circular is available at the web page "F.I.I." on our website www.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of t .....

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