FII position limits in equity index derivatives set per exchange, with exposure caps and mandatory daily reporting and monitoring. SEBI modifies FII position limits in exchange-traded equity index options and futures by prescribing per-exchange ceilings measured against market open interest, and requires that short index-derivative exposure not exceed the FII's stock holdings while long index-derivative exposure not exceed holdings of cash and government securities. FIIs must report holdings daily to Clearing Members/Custodians, those intermediaries must report to the Exchange, and Exchanges must monitor positions as specified by SEBI; implementation is directed from the stated effective date.
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Provisions expressly mentioned in the judgment/order text.
FII position limits in equity index derivatives set per exchange, with exposure caps and mandatory daily reporting and monitoring.
SEBI modifies FII position limits in exchange-traded equity index options and futures by prescribing per-exchange ceilings measured against market open interest, and requires that short index-derivative exposure not exceed the FII's stock holdings while long index-derivative exposure not exceed holdings of cash and government securities. FIIs must report holdings daily to Clearing Members/Custodians, those intermediaries must report to the Exchange, and Exchanges must monitor positions as specified by SEBI; implementation is directed from the stated effective date.
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