Eligibility criteria for derivatives updated; exchanges must revise monthly reporting to include price scanning, volatility and sigma-based compliance. SEBI mandates a revised monthly report for the derivative segment: Trading statistics for all futures and options must be reported; the prior scanning table is replaced by a Price Scanning Range and Volatility table with average, maximum and minimum scanning ranges and volatilities plus impact cost. Eligibility compliance is restructured into two tables-one for underlyings traded in derivatives requiring quarter sigma order size, current eligibility status, duration of ineligibility and actions taken; another for other Top-500 stocks requiring median quarter sigma order size and eligibility months. Submission begins from March 2003.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Eligibility criteria for derivatives updated; exchanges must revise monthly reporting to include price scanning, volatility and sigma-based compliance.
SEBI mandates a revised monthly report for the derivative segment: Trading statistics for all futures and options must be reported; the prior scanning table is replaced by a Price Scanning Range and Volatility table with average, maximum and minimum scanning ranges and volatilities plus impact cost. Eligibility compliance is restructured into two tables-one for underlyings traded in derivatives requiring quarter sigma order size, current eligibility status, duration of ineligibility and actions taken; another for other Top-500 stocks requiring median quarter sigma order size and eligibility months. Submission begins from March 2003.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
