https://www.taxtmi.com/circulars?id=58292 The circular requires a VaR-based margin for broad-based index ETFs computed as the higher of a prescribed floor or a volatility multiple, excludes sectoral ETFs from this treatment, and extends cross-margining to allow offsets between ETFs and constituent stocks, ETFs and constituent stock futures, and ETFs and index futures to the extent they offset each other; cross-margining benefits will be withdrawn if ETF creation/redemption is suspended. Stock exchanges must implement systems, amend bylaws, notify members and publish the changes. en-us Wed, 26 Sep 2012 00:00:00 +0530 Fri, 14 Dec 2018 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58292 The circular requires a VaR-based margin for broad-based index ETFs computed as the higher of a prescribed floor or a volatility multiple, excludes sectoral ETFs from this treatment, and extends cross-margining to allow offsets between ETFs and constituent stocks, ETFs and constituent stock futures, and ETFs and index futures to the extent they offset each other; cross-margining benefits will be withdrawn if ETF creation/redemption is suspended. Stock exchanges must implement systems, amend bylaws, notify members and publish the changes. Circulars SEBI Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58292