Hedge position limits: exchanges must adopt hedge policies granting non transferable limits tied to verified underlying exposures. Exchanges must adopt and publicise a Hedge Policy granting incremental, non transferable hedge limits to bona fide hedgers after case by case assessment of underlying physical market exposure. Hedge limits require documentary verification (e.g., bank certificates, warehouse receipts), are not available for near month contracts once near month limits apply, and across exchanges must not exceed actual or anticipated physical exposure. Non compliance can attract expulsion, trading prohibition or other penalties; approved limits are time bound and hedgers must retain records for at least three years.
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.
Hedge position limits: exchanges must adopt hedge policies granting non transferable limits tied to verified underlying exposures.
Exchanges must adopt and publicise a Hedge Policy granting incremental, non transferable hedge limits to bona fide hedgers after case by case assessment of underlying physical market exposure. Hedge limits require documentary verification (e.g., bank certificates, warehouse receipts), are not available for near month contracts once near month limits apply, and across exchanges must not exceed actual or anticipated physical exposure. Non compliance can attract expulsion, trading prohibition or other penalties; approved limits are time bound and hedgers must retain records for at least three years.
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