The RBI issued amendments to the Master Direction on Risk ...

RBI Updates Reporting Rules for SPDs on Forex and Interest Rate Derivatives, Effective Immediately.

May 22, 2024

Circulars FEMA

The RBI issued amendments to the Master Direction on Risk Management and Inter-Bank Dealings, applicable to Standalone Primary Dealers (SPDs) u/s 10(1) of FEMA, 1999. The amendments reflect provisions for SPDs and include updated reporting directions for OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. These amendments come into force immediately, superseding previous circulars. Authorised Persons, including Authorised Dealer Category-I banks and SPDs u/s 10(1) of FEMA, 1999, must comply with these directions issued u/s 45W of RBI Act, 1934 and sections 10(4) and 11(1) of FEMA, 1999, without prejudice to other legal requirements.

View Source

← Previous Next →

The RBI issued amendments to the Master Direction on Risk ...

RBI Updates Reporting Rules for SPDs on Forex and Interest Rate Derivatives, Effective Immediately.

May 22, 2024

Circulars FEMA

You may also like:

Interest on refund - Rate of interest - The rate of interest is statutorily prescribed under section 27 (A) read with Notification issued there under according to which...

CBDT has amended the Income-tax Rules, 1962 through the Income-tax (Seventh Amendment) Rules, 2025, effective upon publication in the Official Gazette. The amendment...

Rate of interest - for the period from 1.4.2003, the new rate of interest shall apply and not the old rate of interest - Otherwise, the entire rule becomes infructuous/otiose - AT

Interest on delayed refund at notified rate of interest (6%) to the appellant - enhanced rate of interest - The Commissioner (Appeals) has relied on the decision of...

CONSOLIDATED FDI POLICY (EFFECTIVE FROM 10-4-2012) updated upto 22-09-2012

The High Court held that the interest on a money award is to be calculated at three times the RBI-notified rates with monthly compounding, fluctuating along with RBI...

Effective date of Change in rate of tax / GST - In case of a notification in the body of which the effective date is not written, the effect of the amending notification...

The SC held that the National Consumer Disputes Redressal Commission lacks jurisdiction to interfere with banking operations, which is the exclusive statutory domain of...

The Ministry of Finance, Department of Revenue, Office of the Commissioner of Customs issued a Public Notice regarding the receipt of e-BRC for exports made from...

The Reserve Bank of India (RBI) issued Circular No. 05 on May 08, 2024, regarding Margin for Derivative Contracts. This circular supersedes the previous Circular No. 10...

The Foreign Exchange Management (Margin for Derivatives Contracts) (First Amendment) Regulations, 2024, provide necessary updates to the regulatory framework governing...

TP Adjustment - rate of interest on loan availed from AE - when the prime lending rate itself had increased over the years and stood at 14.55% for the relevant period,...

Appropriate rate for benchmarking - receivables from AEs - it would be most appropriate if the LIBOR rate is applied as most appropriate rate of interest for imputing...

RBI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13

The Reserve Bank of India (RBI) issued Circular, addressing Scheduled Commercial Banks, Primary (Urban) Cooperative Banks, State Cooperative Banks, and Exim Bank...

Quick Updates: