<ul><li>SEBI has extended the implementation timeline for tightening rules for offshore derivative instruments by foreign portfolio investors to Nov. 17. The new regulations require additional disclosures from ODI subscribers and FPIs with segregated portfolios.</li><li>The circular prohibits FPIs from issuing ODIs with derivatives as the underlying or using derivatives to hedge their ODIs in India. FPIs cannot hedge ODIs with derivatives on Indian stock exchanges and must only reference securities.</li><li>SEBI mandates separate registration for ODIs, requiring FPIs issuing ODIs to have a dedicated registration with the suffix “ODI” under the same PAN. ODI subscribers must disclose ownership information based on specified criteria.</li><li>Certain entities like government-related investors, PRFs, and ETFs with less than 50% exposure to Indian equity markets are exempt from the ownership disclosure requirements for ODIs.</li></ul>

SEBI Extends Timeline For Implementing Framework On Issuance Of Offshore Derivatives By FPIs

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