https://www.taxtmi.com/circulars?id=58930 Establishes a regulatory framework for Exchange Traded Currency Derivatives requiring Recognized Stock Exchanges to obtain SEBI approval with specified product details and bye laws, comply with product design and surveillance standards, segregate currency segment membership, and prevent participation by persons resident outside India; mandates Clearing Corporations/Houses to secure SEBI approval and RBI permission under FEMA for clearing and settlement and to implement prescribed risk management measures; and prescribes bank participation, certification of trading personnel, and gross open position caps for Trading Members. en-us Wed, 06 Aug 2008 00:00:00 +0530 Thu, 03 Jan 2019 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58930 Establishes a regulatory framework for Exchange Traded Currency Derivatives requiring Recognized Stock Exchanges to obtain SEBI approval with specified product details and bye laws, comply with product design and surveillance standards, segregate currency segment membership, and prevent participation by persons resident outside India; mandates Clearing Corporations/Houses to secure SEBI approval and RBI permission under FEMA for clearing and settlement and to implement prescribed risk management measures; and prescribes bank participation, certification of trading personnel, and gross open position caps for Trading Members. Circulars SEBI Wed, 06 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58930