NRI position limit monitoring revised: exchanges to monitor NRIs at client-level, removing mandatory CP code requirement. Exchanges and Clearing Corporations must monitor NRI position limits in exchange-traded derivatives in the same manner as client-level position limits, removing the mandatory requirement for NRIs to notify Clearing Members and for Exchanges to assign Custodial Participant (CP) Codes; operational processes must be amended to capture NRIs trading without CP Codes and position limits for NRIs remain the client-level limits specified by the regulator.
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NRI position limit monitoring revised: exchanges to monitor NRIs at client-level, removing mandatory CP code requirement.
Exchanges and Clearing Corporations must monitor NRI position limits in exchange-traded derivatives in the same manner as client-level position limits, removing the mandatory requirement for NRIs to notify Clearing Members and for Exchanges to assign Custodial Participant (CP) Codes; operational processes must be amended to capture NRIs trading without CP Codes and position limits for NRIs remain the client-level limits specified by the regulator.
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