https://www.taxtmi.com/circulars?id=60048 SEBI revises eligibility criteria for stocks and indices for derivatives, requiring selection from high market-capitalisation and trading-value stocks, a minimum median quarter-sigma order size, and a minimum market-wide position limit; indices qualify only if a prescribed proportion of constituents are eligible and no large-weight ineligible stock exists. It prescribes enhanced risk containment: optional MTM timing with higher initial margins if deferred, higher margins/short-option charges for high impact-cost stocks, broadened acceptable liquid assets with daily valuation and VAR-based haircuts, and revised market-wide and trading-member position limits with mandatory exchange monitoring, real-time disclosure, ban/enforcement mechanics and penalties for violations. en-us Fri, 16 Jul 2004 00:00:00 +0530 Wed, 06 Mar 2019 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60048 SEBI revises eligibility criteria for stocks and indices for derivatives, requiring selection from high market-capitalisation and trading-value stocks, a minimum median quarter-sigma order size, and a minimum market-wide position limit; indices qualify only if a prescribed proportion of constituents are eligible and no large-weight ineligible stock exists. It prescribes enhanced risk containment: optional MTM timing with higher initial margins if deferred, higher margins/short-option charges for high impact-cost stocks, broadened acceptable liquid assets with daily valuation and VAR-based haircuts, and revised market-wide and trading-member position limits with mandatory exchange monitoring, real-time disclosure, ban/enforcement mechanics and penalties for violations. Circulars SEBI Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60048