Position limits for mutual funds in interest rate futures clarified: fund-level equals trading member limits; scheme-level equals client limits. Position limits for cash-settled 10-year Interest Rate Futures are clarified: mutual funds at the fund level shall follow position limits applicable to trading members, and individual schemes shall follow position limits applicable to clients; the circular is issued under SEBI's statutory powers to protect investors and regulate the securities market.
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Provisions expressly mentioned in the judgment/order text.
Position limits for mutual funds in interest rate futures clarified: fund-level equals trading member limits; scheme-level equals client limits.
Position limits for cash-settled 10-year Interest Rate Futures are clarified: mutual funds at the fund level shall follow position limits applicable to trading members, and individual schemes shall follow position limits applicable to clients; the circular is issued under SEBI's statutory powers to protect investors and regulate the securities market.
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