Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) - Category I & II / Mutual Funds (MFs) for stock derivatives contracts

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....ves Exchanges). Dear Sir / Madam, Subject: Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) - Category I & II / Mutual Funds (MFs) for stock derivatives contracts The position limits for Trading Member / Foreign Institutional Investor (FII) / Mutual Funds (MF) for stock based derivatives were specified vide SEBI circular DNPD/Cir-30/2006 dated ....

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.... combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL). 3. The MWPL and client-level position limits would remain the same as prescribed earlier. 4. Stock exchanges are directed to: (a) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and re....