Securities and Exchange Board of India (SEBI)on Wednesday tightened regulations on offshore derivatives by increasing fees and banning the sales of certain products, while at the same time easing registration rules for foreign portfolio investors. The market regulator said its board had decided to impose a fee of $1,000 every three years, starting from April 1 this year, on each offshore derivative instrument (ODI) subscriber to be collected by the issuer. SEBI also said it would prohibit ODIs that track derivatives except for those issued for hedging purposes, in a ...
Sebi tightens rules for offshore derivatives, to impose $1,000 as fee
The board had decided to impose a fee of $1,000 every three years