Daily Price Limits modification permits staged relaxations with cooling-off and notice when international markets exceed domestic ranges. Exchanges may relax Daily Price Limits when international prices move beyond the aggregate DPL range versus domestic close: relaxations may be implemented in successive stages (3% increments) with a 15-minute cooling-off period, accompanied by market notice and justification. In exceptional circumstances of extreme international movement, exchanges may directly relax DPL to the required level with notice. All such instances must be reported to the regulator in the monthly development report; breach of a slab is not required. The amendment is effective immediately and prior circular terms otherwise remain.
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.
Daily Price Limits modification permits staged relaxations with cooling-off and notice when international markets exceed domestic ranges.
Exchanges may relax Daily Price Limits when international prices move beyond the aggregate DPL range versus domestic close: relaxations may be implemented in successive stages (3% increments) with a 15-minute cooling-off period, accompanied by market notice and justification. In exceptional circumstances of extreme international movement, exchanges may directly relax DPL to the required level with notice. All such instances must be reported to the regulator in the monthly development report; breach of a slab is not required. The amendment is effective immediately and prior circular terms otherwise remain.
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