Sebi Eases NRI Trading Norms for Derivatives
Sebi has abolished the requirement for NRIs to notify clearing member names or obtain a CP code for derivatives trading. NRI position limits will now be monitored at the client level. This change aims to streamline the investment process for NRIs while ensuring operational efficiency in derivatives trading.
- Country:
- India
Securities and Exchange Board of India (Sebi) has announced significant changes regarding trading norms for Non-Resident Indians (NRIs) in the derivatives market.
The mandatory requirement for NRIs to notify clearing member names or have a custodial participant code has been abolished, intending to simplify the trading process.
The amendments aim to streamline investments and enhance operational efficiency, with exchanges now required to monitor NRI position limits at the client level, akin to domestic investors.
(With inputs from agencies.)
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