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of <h1>NRI Trading in Exchange Traded Derivatives: No More CP Code, Position Limits Monitored Like Clients</h1> The regulatory authority has revised the monitoring process for Non-Resident Indians (NRIs) trading in exchange traded derivatives by eliminating the requirement for NRIs to notify Clearing Members and obtain a Custodial Participant (CP) Code. Exchanges and Clearing Corporations will now monitor NRI position limits similarly to client-level limits, which remain as specified by the regulator. Stock Exchanges and Clearing Corporations must update their rules, inform members, and provide NRI clients the option to exit the CP Code within 90 days upon request. These changes aim to enhance operational efficiency and ease of investment for NRIs while ensuring compliance with securities market regulations and investor protection provisions.
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