Reporting of Offshore Derivative Instruments (ODIs)/ Participatory Notes (PNs) activity
Summary
This SEBI circular revises the reporting timelines for Offshore Derivative Instruments (ODIs) and Participatory Notes (PNs) issued by Foreign Institutional Investors. It mandates that monthly transaction reports be submitted by the 10th of the following month, with specific transitional provisions for backdated reports from late 2011 to September 2012. All other provisions of the earlier January 2011 circular remain unchanged.
Text
FIIs issuing ODIs/PNs shall submit details of ODI/PN transaction report (Annexure A, B and C) along with the monthly summary report by 10th of every month for previous month`s ODI transactions.
The details of ODI/PN transaction report for month of December 2011 to April 2012 shall be submitted with six months lag.
The details of ODI/PN transactions report for month of May 2012 to September 2012 shall be submitted along with report of October 2012 by November 10, 2012.
All other provisions of the circular CIR/IMD/FIIC/1/2011 dated January 17, 2011 shall remain unchanged.
This circular is issued in exercise of the powers conferred under Regulation 20 and 20A of the SEBI (Foreign Institutional Investors) Regulations, 1995 read with Section 11 (1) of the Securities and Exchange Board of India Act 1992.
The custodians are requested to bring the contents of this circular to the notice of their FII clients.
Source: SecMarx — Reporting of Offshore Derivative Instruments (ODIs)/ Participatory Notes (PNs) activity. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.