Enhanced position limits for bank stock brokers authorised by RBI permit larger gross open positions in USD INR currency derivatives. Revised regulatory limits allow authorised bank stock brokers to maintain larger gross open positions in USD INR currency derivatives than other brokers: non authorised participants are subject to a percentage cap of total open interest or a baseline dollar threshold, while RBI authorised bank stock brokers may operate under an enhanced baseline threshold; RBI will notify SEBI and exchanges of eligible bank stock brokers; other prior conditions remain unchanged and exchanges must update rules, systems, notifications and report implementation to SEBI.
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.
Enhanced position limits for bank stock brokers authorised by RBI permit larger gross open positions in USD INR currency derivatives.
Revised regulatory limits allow authorised bank stock brokers to maintain larger gross open positions in USD INR currency derivatives than other brokers: non authorised participants are subject to a percentage cap of total open interest or a baseline dollar threshold, while RBI authorised bank stock brokers may operate under an enhanced baseline threshold; RBI will notify SEBI and exchanges of eligible bank stock brokers; other prior conditions remain unchanged and exchanges must update rules, systems, notifications and report implementation to SEBI.
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 
