Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

Currency Future and Options Contracts (involving Indian Rupee) on Exchanges in International Financial Services Centres (IFSC)

..... ncial Services Centres Dear Sir/Madam, Sub: 1. Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 were notified on March 27, 2015, which came into force on April 01, 2015 wherein currency derivatives were specified as permissible securities in which dealing may be permitted by stock exchanges in IFSC. 2. RBI, vide Statement on Developmental and Regul .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... on across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher b) Institutional Investors - Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher c) Eligible Foreign Investors (as referred to in SEBI Circular IMD/HO/FPIC/CIR/P/2017/003 dated January 04, 2017) - Gr .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... ) dated May 17, 2017 in connection with Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres. 5. Stock exchanges shall impose appropriate penalties for violation of position limits by eligible market participants. 6. This circular is being issued in exercise of powers conferred under Section 11 (1) of .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||