Bilateral Netting of Qualified Financial Contracts Act 2020 [BNQFC]

SEBI specifies qualified financial market participants entities, which may enter into qualified financial contracts notified by any regulatory authority – SEBI/LAD-NRO/GN/2021/24 dt. 12.05.2021

SEBI under the Bilateral Netting of Qualified Financial Contract Act, 2020 specifies the Mutual Fund registered with SEBI; and Alternative Investment Fund registered with SEBI as qualified financial market participants, which subject to the provisions as may be specified by the SEBI, may enter into qualified financial contracts notified by any regulatory authority as specified in the First Schedule.

SEBI specifies qualified financial market participants entities, which may enter into qualified financial contracts notified by any regulatory authority – SEBI/LAD-NRO/GN/2021/24 dt. 12.05.2021 Read Post »

IFSCA notifies Qualified Financial Contracts under the Bilateral Netting of Qualified Financial Contracts Act, 2020

IFSCA has notified a wide and inclusive definition of “qualified financial contract”. Moreover, since many of the OTC derivatives contracts and other financial transactions are entered into on the basis of standard documentation like International Swaps and Derivatives Association (ISDA) master agreement, such agreements too have been included in the definition of the term “qualified financial contract”. The term “qualified financial market participant”, as defined in the Act, already includes all financial institutions established at IFSCs and therefore has not been separately defined in the notification.

IFSCA notifies Qualified Financial Contracts under the Bilateral Netting of Qualified Financial Contracts Act, 2020 Read Post »

Scroll to Top