https://www.taxtmi.com/circulars?id=57785 Permission is granted to implement Liquidity Enhancement Schemes in commodity derivatives subject to the prior LES framework and additional requirements: exclude commodities designated as Sensitive Commodity; apply an exclusivity rule where a product is already liquid on another exchange as per specified average daily turnover thresholds; prohibit broker incentives tied to new client codes, trade counts or open interest; and require exchanges to prevent artificial volumes, manipulation and misselling, amend bylaws, notify members and publish the measures. en-us Mon, 26 Mar 2018 00:00:00 +0530 Thu, 29 Nov 2018 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57785 Permission is granted to implement Liquidity Enhancement Schemes in commodity derivatives subject to the prior LES framework and additional requirements: exclude commodities designated as Sensitive Commodity; apply an exclusivity rule where a product is already liquid on another exchange as per specified average daily turnover thresholds; prohibit broker incentives tied to new client codes, trade counts or open interest; and require exchanges to prevent artificial volumes, manipulation and misselling, amend bylaws, notify members and publish the measures. Circulars SEBI Mon, 26 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57785