Intraday position monitoring instituted for index derivatives; breaches flagged to members but penalties paused pending further directions. Exchanges shall implement intraday monitoring of equity index derivative position limits with at least four randomly timed snapshots per trading day and extend end-of-day monitoring mechanisms to intraday checks. Exchanges must prepare a joint SOP to notify trading members and clients of intraday notional position breaches for risk monitoring. Intraday breaches of existing notional limits will not attract penalties or be treated as violations until further directions.
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.
Intraday position monitoring instituted for index derivatives; breaches flagged to members but penalties paused pending further directions.
Exchanges shall implement intraday monitoring of equity index derivative position limits with at least four randomly timed snapshots per trading day and extend end-of-day monitoring mechanisms to intraday checks. Exchanges must prepare a joint SOP to notify trading members and clients of intraday notional position breaches for risk monitoring. Intraday breaches of existing notional limits will not attract penalties or be treated as violations until further directions.
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 
