https://www.taxtmi.com/circulars?id=58135 The circular clarifies that the stated position limits are the total limits for stock brokers covering both proprietary and client positions, and that proprietary open position limits for non-bank stock brokers in a permitted currency pair shall be the higher of a proportionate share of total open interest or specified currency-specific caps. Exchanges and clearing corporations must implement systems, amend rules and bye-laws, disseminate the provisions to brokers and report implementation status to the regulator. en-us Wed, 22 Oct 2014 00:00:00 +0530 Mon, 10 Dec 2018 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58135 The circular clarifies that the stated position limits are the total limits for stock brokers covering both proprietary and client positions, and that proprietary open position limits for non-bank stock brokers in a permitted currency pair shall be the higher of a proportionate share of total open interest or specified currency-specific caps. Exchanges and clearing corporations must implement systems, amend rules and bye-laws, disseminate the provisions to brokers and report implementation status to the regulator. Circulars SEBI Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58135