SEBI has clarified that an article has been carried in a section of media suggesting that SEBI has prohibited FPIs from issuing Overseas Derivative Instruments (ODIs). This is incorrect as FPIs have only been barred from issuing ODIs with derivative instruments as the underlying. As on date, there are no ODIs with derivative instruments as the underlying. It is further clarified that ODIs referencing cash market securities can continue to be issued.
SEBI Clarifies Corporate Bond Cash Flow Disclosures
17 May 2025
These changes are aimed at enhancing ease of use, improving transparency, and reducing complexity for participants in India’s debt market.
