https://www.taxtmi.com/circulars?id=57881 Permitted introduction of options on commodity futures is subject to eligibility of the underlying futures, SEBI approval, and specified product and risk frameworks: options shall devolve into futures at the strike on exercise, use European style initially, include minimum strike series, follow defined exercise and assignment rules, maintain separate and higher position limits for options with temporary post expiry adjustment, and adopt CPMI IOSCO compliant risk management including portfolio level margins, 99% VaR coverage, two day MPOR, real time margining, and prudential margin add ons for options. en-us Tue, 13 Jun 2017 00:00:00 +0530 Sat, 01 Dec 2018 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57881 Permitted introduction of options on commodity futures is subject to eligibility of the underlying futures, SEBI approval, and specified product and risk frameworks: options shall devolve into futures at the strike on exercise, use European style initially, include minimum strike series, follow defined exercise and assignment rules, maintain separate and higher position limits for options with temporary post expiry adjustment, and adopt CPMI IOSCO compliant risk management including portfolio level margins, 99% VaR coverage, two day MPOR, real time margining, and prudential margin add ons for options. Circulars SEBI Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57881