Revisions in submission of reports on two way fungibility of ADRs/GDRs
Summary
This circular revises the reporting requirements for custodians regarding two-way fungibility of ADRs and GDRs. Custodians must now include this data as Part F in their monthly reports instead of submitting separate hard copies or floppies. Additionally, the requirement to submit contract notes is abolished unless specifically requisitioned by SEBI.
Text
The report prescribed in the above mentioned circular shall now be submitted by the custodians as part F of the monthly report specified in SEBI circular dated July 21, 2008.
In view of the above custodians need not submit the said format in hard copy or in floppies separately.
It has also been decided to do away with the submission of copies of contract notes to SEBI. As and when required, SEBI shall requisition the custodians to provide the copies of the contract notes.
Source: SecMarx — Revisions in submission of reports on two way fungibility of ADRs/GDRs. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.