On 24 November 2014, Securities and Exchange Board of India (SEBI) has issued a circular (bearing no CIR/IMD/FIIC/20/2014) (Circular) imposing certain conditions for the issuance of offshore derivative instruments (ODIs) by Foreign Portfolio Investors (FPIs) under the SEBI (Foreign Portfolio Investor) Regulations, 2014 (FPI Regulations). The Circular seeks to align the eligibility and investment norms under the FPI regime vis-à-vis subscription through the ODI route. This Khaitan News flash attempts to give a brief overview of the additional conditions imposed by the Circular. For more please read the attached report by Khaitan & Co. Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.
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