Position limits in interest rate derivatives updated to recalibrate participant categories and maturity bucket caps effective immediately. Revises position limits for cash settled Interest Rate Derivatives, equating banks and Primary Dealers acting as clients with Trading Members and aligning institutional FPIs (excluding individuals, family offices and companies) with Trading Members while non institutional Category II FPIs follow client limits. Specifies higher ceilings for the 8-11 year maturity bucket than for the 4-8 and 11-15 year buckets, with separate caps for Trading Members and large institutional participants versus non institutional clients and scheme level mutual funds. Effective immediately under SEBI's regulatory powers.
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.
Position limits in interest rate derivatives updated to recalibrate participant categories and maturity bucket caps effective immediately.
Revises position limits for cash settled Interest Rate Derivatives, equating banks and Primary Dealers acting as clients with Trading Members and aligning institutional FPIs (excluding individuals, family offices and companies) with Trading Members while non institutional Category II FPIs follow client limits. Specifies higher ceilings for the 8-11 year maturity bucket than for the 4-8 and 11-15 year buckets, with separate caps for Trading Members and large institutional participants versus non institutional clients and scheme level mutual funds. Effective immediately under SEBI's regulatory powers.
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