Offshore derivative Instrument issued by Registered FIIs

 FOREIGN INSTITUTIONAL INVESTORS DIVISION

INVESTMENT MANAGEMENT DEPARTMENT

E-MAIL : santoshks@sebi.gov.in

WEB SITE: http//www.sebi.gov.in­ 

IMD/DFIIC/9/2003

September 24, 2003

 

All Custodians and Foreign Institutional Investors (FII)

Dear Sir,

Subject : Offshore derivative Instrument issued by Registered FIIs

This refers to Circular IMD/CUST/8/2003 dated august 2003, advising FIIs to report issuance of Participatory Noted / Offshore Derivative Instruments against underlying Indian Securities as per the revised format.

In this regard we clarify the following :

 

1. The FIIs shall submit the Reports via E-mail to the following address ONLY.

ODIreporting@sebi.gov.in

 And NOT to santoshks@sebi.gov.in or nithinsb@sebi.gov.in

1. Email should contain Subject line giving FII name, registration number, and report period for example :

 

XYZ Global Allocation Fund Inc. :: IN-US-FA-0005-95 FOR September I, 2003

 

Note :

 September I stands for report ‘First Fortnight of the month’ and

 September II stands for report ‘Second Fortnight of the month’.

 

1. All the Foreign Institutional Investors who do not deal in / issue Offshore Derivative Instrument against underlying Indian Securities shall submit a ‘Nil-Report’ as per Circular IMD/CUST/8/2003 dated August 8, 2003.
    
2. ‘Nil-Report’ may be submitted by way of declaration without Annexure ‘B’ attachment.

A copy of the circular is also 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 and submit the compliance confirmation in this regard by October 1, 2003.

 

Yours faithfully, 

Sd/-

SANTOSH SHARMA

DEPUTY GENERAL MANAGER