FutEq Open Interest reform strengthens position limits and intraday monitoring to protect derivatives market integrity. SEBI requires delta adjusted portfolio level Open Interest (FutEq OI) for futures and options, recalibrates Market Wide Position Limits (MWPL) for single stocks tied to cash market delivery liquidity, and mandates end of day and intraday monitoring against 95% MWPL. During MWPL ban periods, entities must reduce end of day FutEq OI (delta) rather than change sign; passive price driven increases are excluded. Stock Exchanges and Clearing Corporations must prepare joint SOPs with SEBI for monitoring, intraday snapshots, penalty frameworks, and operationalise position limits and glide path arrangements for index derivatives.
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FutEq Open Interest reform strengthens position limits and intraday monitoring to protect derivatives market integrity.
SEBI requires delta adjusted portfolio level Open Interest (FutEq OI) for futures and options, recalibrates Market Wide Position Limits (MWPL) for single stocks tied to cash market delivery liquidity, and mandates end of day and intraday monitoring against 95% MWPL. During MWPL ban periods, entities must reduce end of day FutEq OI (delta) rather than change sign; passive price driven increases are excluded. Stock Exchanges and Clearing Corporations must prepare joint SOPs with SEBI for monitoring, intraday snapshots, penalty frameworks, and operationalise position limits and glide path arrangements for index derivatives.
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