https://www.taxtmi.com/circulars?id=57853 Directs stock exchanges to implement a dynamic price band mechanism for EUR INR, GBP INR and JPY INR currency option contracts based on theoretical prices, with a uniform computation and relaxation process that considers underlying price movement, volatility, currency news, and cross market behaviour, and that prevents misuse for manipulation. Exchanges and clearing corporations must submit approval proposals including contract specifications, risk management and surveillance frameworks, implement systems and rule amendments, notify market participants, and report implementation status to the regulator. en-us Thu, 31 Aug 2017 00:00:00 +0530 Sat, 01 Dec 2018 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57853 Directs stock exchanges to implement a dynamic price band mechanism for EUR INR, GBP INR and JPY INR currency option contracts based on theoretical prices, with a uniform computation and relaxation process that considers underlying price movement, volatility, currency news, and cross market behaviour, and that prevents misuse for manipulation. Exchanges and clearing corporations must submit approval proposals including contract specifications, risk management and surveillance frameworks, implement systems and rule amendments, notify market participants, and report implementation status to the regulator. Circulars SEBI Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57853