https://www.taxtmi.com/circulars?id=60051 SEBI modifies FII position limits in exchange-traded equity index options and futures by prescribing per-exchange ceilings measured against market open interest, and requires that short index-derivative exposure not exceed the FII's stock holdings while long index-derivative exposure not exceed holdings of cash and government securities. FIIs must report holdings daily to Clearing Members/Custodians, those intermediaries must report to the Exchange, and Exchanges must monitor positions as specified by SEBI; implementation is directed from the stated effective date. en-us Fri, 16 Jul 2004 00:00:00 +0530 Wed, 06 Mar 2019 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60051 SEBI modifies FII position limits in exchange-traded equity index options and futures by prescribing per-exchange ceilings measured against market open interest, and requires that short index-derivative exposure not exceed the FII's stock holdings while long index-derivative exposure not exceed holdings of cash and government securities. FIIs must report holdings daily to Clearing Members/Custodians, those intermediaries must report to the Exchange, and Exchanges must monitor positions as specified by SEBI; implementation is directed from the stated effective date. Circulars SEBI Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60051