Daily Price Limits reduced for agricultural derivatives to curb speculation, with near month limits tightened and forward trades suspended. Daily Price Limits for agricultural commodity derivatives are restructured into Initial and Enhanced slabs with a uniform total DPL of 4% (specified commodities: 2% initial + 2% enhanced; others: 3% initial + 1% enhanced), trading remaining within the initial slab for 15 minutes before enhancement; norms apply on all trading days from February 1, 2016. Near month position limits are reduced from 50% to 25% for contracts expiring March 2016 onwards. Entry into fresh forward contracts is suspended while existing forward contracts may be settled. Exchanges must amend rules, notify members, publish the changes, and report implementation.
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Provisions expressly mentioned in the judgment/order text.
Daily Price Limits reduced for agricultural derivatives to curb speculation, with near month limits tightened and forward trades suspended.
Daily Price Limits for agricultural commodity derivatives are restructured into Initial and Enhanced slabs with a uniform total DPL of 4% (specified commodities: 2% initial + 2% enhanced; others: 3% initial + 1% enhanced), trading remaining within the initial slab for 15 minutes before enhancement; norms apply on all trading days from February 1, 2016. Near month position limits are reduced from 50% to 25% for contracts expiring March 2016 onwards. Entry into fresh forward contracts is suspended while existing forward contracts may be settled. Exchanges must amend rules, notify members, publish the changes, and report implementation.
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