Foreign Exchange Management (Margin for Derivatives Contracts) (First Amendment) Regulations, 2024.

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..... es Contracts) (First Amendment) Regulations, 2024 No. FEMA.399(1)/2024-RB.--In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Margin for Derivatives Contracts) Regulations, 2020 [Notification No. FEMA.399/RB .....

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..... , and (ii) In the Principal Regulation, Regulation 4 shall be substituted with the following, namely:- 4. Permission (1) Notwithstanding anything contained in any other regulation issued by the Reserve Bank under the Act and for the time being in force, and subject to directions issued by the Reserve Bank in this regard, authorised dealers may: (i) Post and collect margin, in India and outs .....

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..... s overseas head office (including its overseas branches), subject to terms and conditions specified by the Reserve Bank. (2) Notwithstanding anything contained in any other regulation issued by the Reserve Bank under the Act and for the time being in force, and subject to directions issued by the Reserve Bank in this regard, authorised dealers may post and collect margin, in India and outside In .....

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