https://www.taxtmi.com/circulars?id=58066 Position limits for currency derivatives are determined by open interest at the time a position is opened; a later drop in total open interest does not oblige unwinding of positions opened validly, but market participants cannot increase or create positions in that currency pair until they meet applicable limits, and exchanges may require position reductions for risk or surveillance reasons. The circular modifies the earlier para 14 and directs exchanges, clearing corporations and depositories to implement and communicate requisite procedural and rule changes. en-us Wed, 22 Jun 2016 00:00:00 +0530 Thu, 06 Dec 2018 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58066 Position limits for currency derivatives are determined by open interest at the time a position is opened; a later drop in total open interest does not oblige unwinding of positions opened validly, but market participants cannot increase or create positions in that currency pair until they meet applicable limits, and exchanges may require position reductions for risk or surveillance reasons. The circular modifies the earlier para 14 and directs exchanges, clearing corporations and depositories to implement and communicate requisite procedural and rule changes. Circulars SEBI Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58066