CIRCULAR
CIR/IMD/FIIC/14/2012
June 07, 2012
To
All Foreign
Institutional Investors
through their
designated Custodians of Securities
Dear Sir/Madam,
Sub:- Reporting of Offshore Derivative
Instruments (ODIs)/ Participatory
Notes (PNs) activity
1.
Please refer to the SEBI Circular No.
CIR/IMD/FIIC/1/2011 dated January 17, 2011 read with Circular No.
CIR/IMD/FIIC/7/2011 dated June 15, 2011 and Circular No. CIR/IMD/FIIC/6/2011
dated May 12, 2011 on the captioned matter.
2.
On a review, it has been decided to revise
the reporting timelines specified in para 3 of Circular dated January 17, 2011
which are as follows:-
a.
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 first
such report shall be submitted for the month of October 2012 by November
10,
2012.
b.
The details of ODI/PN transaction report for
month of December 2011 to April 2012 shall be submitted with six months lag.
c.
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.
3.
All other
provisions of the
circular CIR/IMD/FIIC/1/2011 dated
January 17,
2011
shall remain unchanged.
4.
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, to protect the interests of investors in
securities and to promote the development of, and to regulate the securities
market.
5.
A copy of this circular is available at the
web page “F.I.I.” on our website www.sebi.gov.in. The custodians are requested
to bring the contents of this circular to the notice of their FII clients.
Yours faithfully,
S MADHUSUDHANAN
Deputy General Manager
Tel No.: 022-26449614
Email: smadhu@sebi.gov.in
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