India:
Participation Of Foreign Portfolio Investors (FPIs) In Commodity Derivatives In International Financial Services Centre (IFSC)
06 November 2017
Clyde & Co
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Based on representations received from the exchanges operating
in IFSC and after consultations with the Government and the Reserve
Bank of India, on September 26, 2017, SEBI decided that FPIs shall
be permitted to participate in commodity derivatives contracts
traded in stock exchanges in IFSC subject to following
conditions:
- The participation would be limited to the derivatives contracts
in non-agricultural commodities only.
- Contracts would be cash settled on the settlement price
determined on overseas exchanges.
- All the transactions shall be denominated in foreign currency
only.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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