SEBI Increases Position Limits for Trading Members in Index Futures and Options Contracts
- News|Blog|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 17 October, 2024
Latest from Taxmann
Circular no. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/140; Dated: 15.10.2024
SEBI, vide Master Circular dated October 16, 2023, had specified the overall position limit at the Trading Member level to be the higher of Rs 500 crores or 15% of the total Open Interest (OI) in the market. This position limit is applied separately for all open positions on futures and options contracts in a particular underlying index. SEBI has now raised the position limits for Trading Members in index futures and options contracts to Rs 7500 crore or 15% of the total OI in the market.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
