But again, there are risks of Authorised Dealers dealing in products which they do not understand or are not able to price independently or of offering them to customers who do not understand the 11  product or where it is not suited for them. We are all aware of past such incidences that teach us about the pitfalls to avoid.
Of course, our Directions on Market Makers in OTC derivatives seek to provide a principle-based regulatory framework to address these risks. Hence it is imperative that these regulations are adhered to in both letter and spirit. 30. There are also new players in the playing field.