https://www.taxtmi.com/circulars?id=57849 SEBI modifies the March 2016 framework to require stock brokers to keep proprietary positions in USD INR, EUR INR, GBP INR and JPY INR within a consolidated single INR limit defined as the higher of a percentage of total open interest across all FCY INR pairs or a specified USD floor for bank and non bank brokers. Stock exchanges must implement a uniform methodology to compute and monitor these limits; proposals for launch of cross currency products must be submitted to SEBI with contract specifications, risk management and surveillance arrangements. en-us Wed, 13 Sep 2017 00:00:00 +0530 Sat, 01 Dec 2018 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57849 SEBI modifies the March 2016 framework to require stock brokers to keep proprietary positions in USD INR, EUR INR, GBP INR and JPY INR within a consolidated single INR limit defined as the higher of a percentage of total open interest across all FCY INR pairs or a specified USD floor for bank and non bank brokers. Stock exchanges must implement a uniform methodology to compute and monitor these limits; proposals for launch of cross currency products must be submitted to SEBI with contract specifications, risk management and surveillance arrangements. Circulars SEBI Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57849