IMD DEPARTMENT
EMAIL: chanda@sebi.gov.in
WEB-SITE:www.sebi.gov.in
FAX NO: 91 22 22829520
Circular No. IMD/CUST/13/2004
February 19 , 2004
To
All Foreign Institutional Investors and
Custodians of Securities
Dear Sir / Madam,
Sub: Issuance of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII).
Please refer to our Circular No. IMD/CUST/02/2004 dated January 26, 2004 regarding the captioned subject. Further to the aforesaid circular and insertion of Regulation 15A in the SEBI(FII) Regulations, 1995("Regulations") , it is hereby clarified that the following entities would be deemed to be regulated entities for the purpose of Regulation 15A of the Regulations:
A copy of the circular is available at the web page "Foreign Institutional Investors" 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,
D. Chanda
Chief General Manager