FAX NO: 91 22 2845776
Circular No. FITTC/FII/01/2002
February 27, 2002
All Foreign Institutional Investors and Custodians of Securities
Dear Sir / Madam,
Sub: Scheme of FII Trading in all Exchange Traded Derivative Contracts
Presently, FIIs have been permitted to trade in exchange traded index futures contracts. It has since been decided to permit FIIs to trade in all exchange traded derivative contracts subject to position limits. A copy of SEBI circular SMD/DC/CIR-11/02 dated February 12, 2002 detailing the position limits is enclosed for your reference. The custodians are requested to bring the contents of this circular to the notice of their FII clients.
This circular is also available at the web page ‘Foreign Institutional Investors’ on our web site www.sebi.gov.in.
Encl: Copy of the circular SMD/DC/CIR-11/02 dated February 12, 2002.