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    <title>FII Position Limits in Exchange Traded Interest Rate Futures (IRF)</title>
    <link>https://www.taxtmi.com/circulars?id=58192</link>
    <description>The circular sets FII position limits for IRF-capping gross open positions and restricting gross short positions relative to long holdings-and mandates that aggregate FII long exposure in cash and IRF not exceed the permissible government securities investment limit. It requires exchanges to report aggregate gross long IRF positions to depositories; depositories must aggregate these with FII government debt investments, publish the totals, and notify regulators when utilization crosses specified thresholds, after which FIIs must not increase long IRF positions until exposure falls below the lower threshold.</description>
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    <pubDate>Mon, 20 Jan 2014 00:00:00 +0530</pubDate>
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      <title>FII Position Limits in Exchange Traded Interest Rate Futures (IRF)</title>
      <link>https://www.taxtmi.com/circulars?id=58192</link>
      <description>The circular sets FII position limits for IRF-capping gross open positions and restricting gross short positions relative to long holdings-and mandates that aggregate FII long exposure in cash and IRF not exceed the permissible government securities investment limit. It requires exchanges to report aggregate gross long IRF positions to depositories; depositories must aggregate these with FII government debt investments, publish the totals, and notify regulators when utilization crosses specified thresholds, after which FIIs must not increase long IRF positions until exposure falls below the lower threshold.</description>
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      <law>SEBI</law>
      <pubDate>Mon, 20 Jan 2014 00:00:00 +0530</pubDate>
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