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of <h1>SEBI Confirms Existing Norms on No Special Margins for Spread Trades to Remain Effective Post-September 28, 2016.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to the National Commodity Derivatives Exchanges regarding spread margin benefits. It states that existing norms from the former Forward Markets Commission (FMC) concerning special margins on spread trades will remain effective beyond September 28, 2016. These norms, which specify that special margins should not be levied on spread trades, were initially outlined in previous FMC circulars. Exchanges are instructed to inform their members and publish this information on their websites. This circular is enacted under the authority granted by relevant sections of the SEBI Act and the Securities Contracts (Regulation) Act.
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