The Reserve Bank of India has released the Master Directions on 'market-makers' in OTC Derivatives 2021 which repeal the Comprehensive Guidelines on Derivatives dated 20th April, 2007 and modifications thereto dated 2nd August, 2011; 2nd November, 2011 and 6th April, 2018.
The directions are slated to be effective 3rd January, 2022.
Late last year RBI had issued draft directions on the same.
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12163&Mode=0
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