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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations 2016

FEMA - 374/2016-RB - Dated:- 24-10-2016 - RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 374/2016-RB Mumbai, the 24th October, 2016 G.S.R. 1003(E).-In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Pers .....

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. In paragraph 1, (a) in the existing clause (b), the words, listed shall be deleted (b) the existing clause (g) and clause (j) shall be deleted (c) after existing clause (m), the following shall be added, namely:- (n) securitised debt instruments, including (i) any certificate or instrument issued by a special purpose vehicle (SPV) set up for securitisation of asset/s with banks, FIs or NBFCs as originators; and/or (ii) any certificate or instrument issued and listed in terms of the SEBI Regula .....

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