Turnover computation for options contracts now counts premium traded and notional value upon exercise or assignment. Turnover for commodity derivatives options shall be computed on the basis of premium traded for option contracts; where an option is exercised or assigned, turnover shall additionally be computed on the basis of the notional value of option contracts exercised or assigned. This clarification is introduced as an additional explanation in Schedule V, Part B, clause 3(1) of the principal regulations and is given retrospective effect from June 13, 2017.
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Provisions expressly mentioned in the judgment/order text.
Turnover computation for options contracts now counts premium traded and notional value upon exercise or assignment.
Turnover for commodity derivatives options shall be computed on the basis of premium traded for option contracts; where an option is exercised or assigned, turnover shall additionally be computed on the basis of the notional value of option contracts exercised or assigned. This clarification is introduced as an additional explanation in Schedule V, Part B, clause 3(1) of the principal regulations and is given retrospective effect from June 13, 2017.
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