https://www.taxtmi.com/circulars?id=59365 The circular mandates updating VaR margin rates intra-day in the cash market at multiple points using contemporaneous prices, replacing the end-of-day application to next-day positions, to align risk management with the derivative market and enhance investor protection. Stock exchanges must implement the methodology by prescribed dates, amend bye-laws, notify members, disseminate the change, and report implementation status to the regulator; trading is not to be permitted unless the exchange can apply the methodology. en-us Fri, 16 Jun 2006 00:00:00 +0530 Mon, 28 Jan 2019 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59365 The circular mandates updating VaR margin rates intra-day in the cash market at multiple points using contemporaneous prices, replacing the end-of-day application to next-day positions, to align risk management with the derivative market and enhance investor protection. Stock exchanges must implement the methodology by prescribed dates, amend bye-laws, notify members, disseminate the change, and report implementation status to the regulator; trading is not to be permitted unless the exchange can apply the methodology. Circulars SEBI Fri, 16 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59365