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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Revises Proprietary Position Limits for Non-Bank Stock Brokers in Currency Derivatives Contracts to Enhance Market Regulation.</h1> The Securities and Exchange Board of India (SEBI) issued a circular revising the proprietary position limits for non-bank stock brokers in currency derivatives contracts. The updated limits allow stock brokers to hold positions based on the higher of 15% of the total open interest in a currency pair or a specified monetary amount (USD 50 million, EUR 25 million, GBP 25 million, JPY 1000 million). Stock exchanges and clearing corporations must implement these changes, update their rules, and inform brokers. This directive aims to protect investors and regulate the securities market, as authorized by the SEBI Act, 1992.
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