https://www.taxtmi.com/circulars?id=57978 Establishes position limits for commodity derivatives at client, member and exchange levels, with client numerical limits per commodity and member limits set as multiples of client limits or proportions of market wide open interest; prescribes aggregation and netting rules differing for agricultural and non agricultural contracts, near month limits for agricultural contracts, mandatory clubbing of linked positions subject to limited exemptions, real time monitoring, a value and duration based monetary penalty regime, exchange authority to square off excess positions and suspend persistent violators, and requirements for exchanges to amend rules, notify members and report implementation. en-us Tue, 27 Sep 2016 00:00:00 +0530 Tue, 04 Dec 2018 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57978 Establishes position limits for commodity derivatives at client, member and exchange levels, with client numerical limits per commodity and member limits set as multiples of client limits or proportions of market wide open interest; prescribes aggregation and netting rules differing for agricultural and non agricultural contracts, near month limits for agricultural contracts, mandatory clubbing of linked positions subject to limited exemptions, real time monitoring, a value and duration based monetary penalty regime, exchange authority to square off excess positions and suspend persistent violators, and requirements for exchanges to amend rules, notify members and report implementation. Circulars SEBI Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57978