Position limits for domestic institutional investors clarified - subject to sectoral regulator permission; banks must follow central bank guidance. Position limits for domestic institutional investors in permitted currency derivatives pairs shall follow paragraph 12(a) of SEBI Circular CIR/MRD/DP/20/2014, subject to permission from their sectoral regulators; banks trading in the segment must follow the central bank's DIR-series guidance in paragraph 3. Stock Exchanges and Clearing Corporations must amend bye laws and systems, notify brokers and clearing members, disseminate the circular on their websites, and report implementation status to SEBI.
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Provisions expressly mentioned in the judgment/order text.
Position limits for domestic institutional investors clarified - subject to sectoral regulator permission; banks must follow central bank guidance.
Position limits for domestic institutional investors in permitted currency derivatives pairs shall follow paragraph 12(a) of SEBI Circular CIR/MRD/DP/20/2014, subject to permission from their sectoral regulators; banks trading in the segment must follow the central bank's DIR-series guidance in paragraph 3. Stock Exchanges and Clearing Corporations must amend bye laws and systems, notify brokers and clearing members, disseminate the circular on their websites, and report implementation status to SEBI.
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