The Reserve Bank of India has released the Master Directions on 'market-makers' in OTC Derivatives 2021 which repeal the Comprehensive Guidelines on Derivatives dated 20th April, 2007 and modifications thereto dated 2nd August, 2011; 2nd November, 2011 and 6th April, 2018.
The directions are slated to be effective 3rd January, 2022.
Late last year RBI had issued draft directions on the same.
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12163&Mode=0
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.