Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs) activity

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..... ities about the reporting format for reporting issuance / renewal / cancellation / redemption of the aforesaid instruments. 2. On a review, it has been decided to revise the reporting formats. Revised reporting formats:- 3. The FIIs issuing ODIs/PNs shall be now be required to provide information about their ODI/PN activity and their underlying trade(s) activity in India in the following manner: - a. Following reports to be submitted by 10th of every month with a six month s lag (e.g. report providing details of ODI/PN activity for the month of April shall be submitted in the month of October):- Annexure A - Details of ODI/PN activity. Annexure B_Equity - Details of underlying trade(s) in the Indian market where the .....

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..... 5. In case an ODI/PN issuer (A) issues an ODI/PN to another FII (B) that further issues the ODI/PN, then the ODI/PN reporting for (A) would be limited to naming (B) as the subscriber, on the basis that (B) in its FII capacity is providing a monthly ODI/PN report to SEBI. The reporting from (B) would meet SEBI s requirements and avoid duplication of reporting. 6. As per Circular No IMD/CUST/9/2003 dated November 20, 2003, FIIs who do not have any outstanding offshore derivatives are required to submit a statement of Nil report once every quarter along with the stipulated undertaking. Considering point no.5 mentioned above, the FIIs shall now commence reporting to SEBI in the format prescribed herein above, for the month they start .....

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..... the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. A copy of this circular is available at the web page F.I.I. on our website www.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of their FII clients. Yours faithfully, Jeevan Sonparote General Manager +91-22-26449110 jeevans@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMI .....

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