 "Reserve Bank, RBI")
The Reserve Bank of India (RBI) on Monday announced that it has decided to provide operational flexibility for reporting of Over the counter (OTC) transactions in Government securities (G-Sec) transactions undertaken by the Foreign Portfolio Investors (FPIs).
The new rules will come into effect from June 14.
"FPIs/custodian banks must report their transactions to the Negotiated Dealing System – Order Matching (NDS-OM) platform within three hours after the close of trading hours for the Government securities market," said the Central Bank in an official statement.
It further said information about trades undertaken by domestic counterparties with FPIs must be disseminated
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