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of <h1>Regulator requires non-benchmark index derivatives meet eligibility: =14 constituents, top weight =20%, top3 =45%, phased rebalances</h1> The regulator mandates prudential eligibility criteria for derivatives on non-benchmark indices: minimum 14 constituents, top constituent weight =20%, combined top three =45%, and a descending weight structure. Stock exchanges must adjust constituents/weights to comply; two specified indices may be adjusted in a single tranche, while another must be rebalanced in four monthly tranches with iterative weight reductions and redistribution of excess weight to other constituents. Deadlines: the phased index by March 31, 2026, and the other two by December 31, 2025. Exchanges and clearing corporations must update systems, rules and notify market participants.
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