Issuance of Derivative Instruments by Registered Foreign Institutional Investors (FII)
Summary
SEBI mandates Foreign Institutional Investors to report the issuance, renewal, cancellation, or redemption of derivative instruments like Participatory Notes. These monthly reports must be submitted within a week of the month's end by the compliance officer via email or fax. The requirement applies only to FIIs that have actually issued such instruments during the reporting period.
Text
FIIs may report issuance / renewal / cancellation / redemption of the aforesaid instruments to SEBI with immediate effect as per the format enclosed as Annexure.
FIIs that have not issued such instruments or have no transactions during the month in respect of such derivative instruments are not required to submit a report to SEBI.
The FIIs, are requested to submit these reports on a monthly basis within a week of the end of the month, duly signed / approved by the compliance officer.
The reports may be submitted by email (email id : fittc@sebi.gov.in ) or by fax (91-22- 284 5776).
The custodians are requested to bring the contents of this circular to the notice of their FII clients.
These instructions are issued under regulation 20 of SEBI (Foreign Institutional Investors) Regulations, 1995 and shall come in force with effect from the month of October 2001.
Source: SecMarx — Issuance of Derivative Instruments by Registered Foreign Institutional Investors (FII). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.