2. In a further step towards rationalization of returns it has been decided to withdraw the said return with immediate effect. The banks are hereby advised to stop sending the hardcopy of the said return to RBI.
3. The existing procedure for reporting OTC Foreign exchange and Interest Rate Derivative transactions to the trade repository hosted by CCIL as laid down in our circular no. FMD.MSRG.No.67/02.05.002/2011-12 dated March 09, 2012 (as amended from time to time) shall continue.
4. The directions contained in this circular have been issued by RBI in exercise of its powers conferred under section 45W of the Reserve Bank of India Act, 1934 and of all the powers enabling it in this behalf.
(T. Rabi Sankar) Chief General Manager
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