{"id":212301,"date":"2019-03-19T14:15:38","date_gmt":"2019-03-19T08:45:38","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=212301"},"modified":"2019-03-19T12:11:10","modified_gmt":"2019-03-19T06:41:10","slug":"sebi-clarification-on-participation-of-eligible-foreign-investors-efis-in-commodity-derivatives-in-ifsc","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/19\/sebi-clarification-on-participation-of-eligible-foreign-investors-efis-in-commodity-derivatives-in-ifsc\/","title":{"rendered":"SEBI | Clarification on participation of &#8220;Eligible Foreign Investors (EFIs)&#8221; in Commodity Derivatives in IFSC\u00a0"},"content":{"rendered":"<div class=\"textLayer\">\n<div style=\"text-align: justify;\"><strong>EFIs may participate in commodity derivatives contracts traded in stock exchanges in IFSC subject to the following conditions:-<\/strong><\/div>\n<ul style=\"text-align: justify;\">\n<li>\u00a0The participation would be limited to the derivatives contracts in non-agricultural commodities only,<\/li>\n<li>\u00a0Contracts would be cash settled on the settlement price determined on overseas exchanges, and<\/li>\n<li>\u00a0All the transactions shall be denominated in foreign currency only.<\/li>\n<\/ul>\n<div style=\"text-align: justify;\"><strong>The Exchanges are advised to:<\/strong><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">i. take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the same.<\/div>\n<div style=\"text-align: justify;\">ii. bring the provisions of this circular to the notice of the members of the exchange and also to disseminate the same on their website.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992,\u00a0to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.<\/div>\n<\/div>\n<div><\/div>\n<div>\n<div>SEBI\/HO\/MRD\/DRMNP\/CIR\/P\/2019\/39<\/div>\n<\/div>\n<div><\/div>\n<div>[Circular Dt. 18-03-2019]<\/div>\n<div style=\"text-align: right;\"><strong>Securities Exchange Board of India<\/strong><\/div>\n<div class=\"annotationLayer\" style=\"text-align: justify;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EFIs may participate in commodity derivatives contracts traded in stock exchanges in IFSC subject to the following conditions:- \u00a0The participation would be <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[33380,34487,34485,34074,30308,34486],"class_list":["post-212301","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-bye-laws","tag-commodity-derivatives","tag-eligible-foreign-investors-efis","tag-regulation","tag-rules","tag-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEBI | Clarification on participation of &quot;Eligible Foreign Investors (EFIs)&quot; 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