India's SEBI tightens rules on offshore derivatives to boost transparency and reduce risks.

India's SEBI has tightened rules on offshore derivative instruments (ODIs) issued by foreign portfolio investors (FPIs), prohibiting the use of derivatives as underlying assets and requiring full hedging with securities. FPIs must register separately for ODIs and additional disclosures are required for ODI subscribers with significant equity positions in Indian markets or large exposure to a single corporate group. This move aims to enhance transparency and reduce risks.

3 months ago
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