https://www.taxtmi.com/circulars?id=63442 Introduction of Rupee derivatives with settlement in foreign currency on IFSC exchanges establishes position limits per currency pair per exchange: identical gross open position caps for trading members, institutional investors, and eligible foreign investors across all contracts measured against total open interest or a currency-equivalent cap, and a lower cap for other clients; Institutional Investors are defined to include specified IFSC and offshore entities. Exchanges must impose penalties for violations and implement the limits pursuant to regulatory powers to protect investors and regulate the market. en-us Mon, 03 Feb 2020 00:00:00 +0530 Tue, 04 Feb 2020 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63442 Introduction of Rupee derivatives with settlement in foreign currency on IFSC exchanges establishes position limits per currency pair per exchange: identical gross open position caps for trading members, institutional investors, and eligible foreign investors across all contracts measured against total open interest or a currency-equivalent cap, and a lower cap for other clients; Institutional Investors are defined to include specified IFSC and offshore entities. Exchanges must impose penalties for violations and implement the limits pursuant to regulatory powers to protect investors and regulate the market. Circulars SEBI Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63442