https://www.taxtmi.com/circulars?id=58638 SEBI permits exchanges to introduce Volatility Index derivative contracts only if the underlying index has at least a one year track record and the exchange has an appropriate risk management framework; exchanges must submit contract specifications, position and exercise limits, margins, stated economic purpose, anticipated market development contribution, safeguards and risk protection mechanisms, infrastructure and surveillance details, settlement procedures, and one year of back testing of margin calculation using specified option deltas. en-us Tue, 27 Apr 2010 00:00:00 +0530 Tue, 25 Dec 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58638 SEBI permits exchanges to introduce Volatility Index derivative contracts only if the underlying index has at least a one year track record and the exchange has an appropriate risk management framework; exchanges must submit contract specifications, position and exercise limits, margins, stated economic purpose, anticipated market development contribution, safeguards and risk protection mechanisms, infrastructure and surveillance details, settlement procedures, and one year of back testing of margin calculation using specified option deltas. Circulars SEBI Tue, 27 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58638