The Reserve Bank of India (RBI) had proposed to liberalize the eligible participant base and relax the entity-wise limits for transactions in the “When Issues” market in Central Govt. securities. Accordingly, a comprehensive review of the existing guidelines on When Issued market has been carried out.
from taxmann.com News https://www.taxmann.com/topstories/222330000000016123/rbi-reviews-guidelines-on-‘when-issued’-market-in-central-government-securities.aspx
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