THE SECURITIES AND Exchange Board of India's (Sebi) directive barring foreign portfolio investors from issuing offshore derivatives instruments (ODIs) with derivatives as underlying asset may have little impact on the segment since there have been negligible trades in this segment for over three years, said experts.
However, the mandate to provide granular details of its ownership and economic interest, among others, might squeeze out the remaining ODI volumes as it adds to the compliance burden for FPIs.
This story is from the December 19, 2024 edition of Financial Express Chennai.
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This story is from the December 19, 2024 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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