Conditions for issuance of offshore derivative instruments

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..... ive instruments, directly or indirectly, unless the following conditions are satisfied (a) such offshore derivative instruments are issued only by persons registered as Category I foreign portfolio investor; (b) such offshore derivative instruments are issued only to persons eligible for registration as Category I foreign portfolio investors; Explanation For the purp .....

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..... or consent of the foreign portfolio investor is obtained for such transfer, except in cases, where the persons to whom the offshore derivative instruments are to be transferred, are pre-approved by the foreign portfolio investor. (3) A foreign portfolio investor shall fully disclose to the Board any information concerning the terms of and parties to off-shore derivative instruments, by wh .....

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