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The Tax Publishers Circular Circular No. FMRD.DIRD.03/14.03.007/2018-19, dt. 24-7-2018 Transactions in when issued (Wi) Market in Central Government Securities The Statement on Developmental and Regulatory Policies, by the Reserve Bank on June 06, 2018 proposed to liberalise the eligible participant base and relax the entity-wise limits for transactions in the 'When Issued' (WI) market in Central Government Securities. 2. Accordingly, a comprehensive review of the existing guidelines on 'When Issued' market has been carried out and the revised directions (enclosed), are issued. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Circular

Circular No. FMRD.DIRD.03/14.03.007/2018-19, dt. 24-7-2018

Transactions in when issued (Wi) Market in Central Government Securities

The Statement on Developmental and Regulatory Policies, by the Reserve Bank on June 06, 2018 proposed to liberalise the eligible participant base and relax the entity-wise limits for transactions in the 'When Issued' (WI) market in Central Government Securities.

2. Accordingly, a comprehensive review of the existing guidelines on 'When Issued' market has been carried out and the revised directions (enclosed), are issued.