Issuance of Derivative Instruments by Registered Foreign Institutional Investors (FII)
Summary
SEBI mandates Registered 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 compliance officers via email or fax. The circular is issued under Regulation 20 of the SEBI (FII) Regulations, 1995, and applies only to FIIs actively transacting in such instruments.
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).
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.
Report includes details such as instrument name, underlying company, nature of security, issue date, face value, maturity details, and quantities.
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.