Margining requirements: separate mark-to-market and gross client-level margins to strengthen collateralisation and position disclosure. SEBI requires separate collection of mark-to-market margins distinct from daily/exposure margins and will separately address netting of MTM results. Exchanges must adopt gross margining by mandating client codes at broker level within a short prescribed timeframe. Non institutional clients must maintain a minimum margin deposit in approved collateral, excluding actual deliveries/payments from net positions. Exchanges must disclose daily net open positions in principal scrips and implement these measures promptly.
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.
Margining requirements: separate mark-to-market and gross client-level margins to strengthen collateralisation and position disclosure.
SEBI requires separate collection of mark-to-market margins distinct from daily/exposure margins and will separately address netting of MTM results. Exchanges must adopt gross margining by mandating client codes at broker level within a short prescribed timeframe. Non institutional clients must maintain a minimum margin deposit in approved collateral, excluding actual deliveries/payments from net positions. Exchanges must disclose daily net open positions in principal scrips and implement these measures promptly.
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