Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres (IFSC)
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Position limits for cross-currency contracts set for IFSC exchanges; caps apply to trading members, institutional and foreign investors, and other clients. Position limits for cross-currency futures and options (excluding Indian Rupee) on IFSC exchanges set per currency pair per exchange: Trading Members, Institutional Investors, and Eligible Foreign Investors face gross open position limits of 15% of total open interest or an equivalent USD threshold, whichever is higher; Other Clients face limits of 6% of total open interest or a smaller equivalent USD threshold, whichever is higher. Stock exchanges must enforce these limits and impose penalties for violations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Position limits for cross-currency contracts set for IFSC exchanges; caps apply to trading members, institutional and foreign investors, and other clients.
Position limits for cross-currency futures and options (excluding Indian Rupee) on IFSC exchanges set per currency pair per exchange: Trading Members, Institutional Investors, and Eligible Foreign Investors face gross open position limits of 15% of total open interest or an equivalent USD threshold, whichever is higher; Other Clients face limits of 6% of total open interest or a smaller equivalent USD threshold, whichever is higher. Stock exchanges must enforce these limits and impose penalties for violations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
