RBI/2021-22/129
FMRD.DIRD.09/14.03.059/2021-22

November 16, 2021

To,

All Eligible Market Participants

Madam/Sir,

Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circulars

Reference is invited to the announcement on setting up of a new Regulations Review Authority (RRA 2.0), vide press release dated April 15, 2021 and the publication of the interim recommendations of the RRA 2.0, vide press release dated November 16, 2021.

2. As part of the implementation of the interim recommendations of the RRA 2.0, it has been decided to withdraw the following circulars with immediate effect.

a) Introduction of Credit Default Swaps for Corporate Bonds: Date for Operationalisation Changed (IDMD.PCD. No.12/14.03.04/2011-12) dated October 20, 2011.

b) Guidelines on Credit Default Swaps (CDS) for Corporate Bonds- Permitting All India Financial Institutions (IDMD.PCD.4085/ 14.03.04/2011-12) dated April 23, 2012.

Yours faithfully,

(Dimple Bhandia)
Chief General Manager