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<h1>SEBI Issues Circular on Daily Price Limits for Commodity Derivatives, Effective September 29, 2016.</h1> The Securities and Exchange Board of India (SEBI) issued a circular on September 7, 2016, outlining Daily Price Limits (DPL) for non-agricultural commodity derivatives and the first trading day DPL for all commodity derivatives. The circular consolidates and updates previous norms set by the erstwhile Forward Markets Commission (FMC). It specifies DPL slabs for commodities like steel and gold, with provisions for relaxation under certain conditions. It also outlines the methodology for determining base prices on the first trading day. The circular mandates exchanges to amend relevant rules and communicate the changes, effective September 29, 2016.