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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Approves Derivative Contracts on Volatility Index with Strict Risk Management and One-Year Track Record Requirement.</h1> The Securities and Exchange Board of India (SEBI) has authorized stock exchanges to introduce derivative contracts on the Volatility Index, provided the underlying index has a minimum one-year track record and an appropriate risk management framework is in place. Exchanges must submit detailed specifications, including contract details, limits, margins, economic purpose, market development contributions, risk protection mechanisms, infrastructure, surveillance systems, settlement procedures, and back-testing results. This directive is issued under the authority of the SEBI Act 1992 and the Securities Contracts (Regulation) Act 1956, aiming to protect investors and promote market integrity. The circular is effective immediately.
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