Notice No20201125-51Notice Date25 Nov 2020
CategoryTradingSegmentDerivatives
SubjectRevised position limits in Equity Index Derivatives (Futures and Options) – Update
Content

 

Trading Members of the Exchange are hereby informed that, SEBI press release no. 59/2020 dated November 25, 2020 regarding review of regulatory measures introduced vide SEBI Press Release dated March 20, 2020. This is in continuation with SEBI press release nos. 18/2020, 22/2020, 28/2020, 34/2020, 39/2020, 44/2020, 48/2020 & 56/2020 and Exchange Notice no. 20200323-1 dated March 23, 2020, no. 20200420-55 dated April 20, 2020, no. 20200522-26 dated May 22, 2020, no. 20200619-5 dated June 19, 2020 no. 20200721-37 dated 21 July 2020, no. 20200826-47 dated 26 August 2020 , no. 20200918-35 dated 18 September, 2020 and no. 20201022-31 dated 22 October, 2020  on the captioned matter.–“ Revised position limits in Equity Index Derivatives (Futures and Options) – Update”

 

In accordance with the SEBI press release no. 59/2020, the regulatory measures introduced with effect from March 23, 2020 as mentioned in our aforesaid notices, shall continue to remain in force till further directions, subject to revised S. No. 3.(iii) as per SEBI press release no. 18/2020 dated March 20, 2020 which shall now read as under: 

If any of the aforesaid entities exceed the respective limits prescribed at 3(i) and 3(ii) above, an additional deposit shall be payable by the entity equivalent to the amount of margin chargeable on excess position beyond the limits prescribed at 3(i) and 3(ii) above and the same shall be retained by stock exchanges / clearing corporations for a period of one month.

 

The SEBI press release is enclosed as Annexure A. 

 

Trading Members are requested to take note of the above. 

 

 

 

For & On behalf of BSE Ltd

 

 

Umesh Hanjankar    

         Nivedita Parekh

Asst. Gen. Manager

         Dy. Manager

Surveillance

         Surveillance

 
Attachments
Annexure A.pdf