Revision in Position Limits for Agricultural Commodities

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....2/2016 dated January 15, 2016, the following directions are hereby issued with respect to provisions of open position limits for futures contracts on agricultural commodities: (I) Client level - a. Overall position limit for a particular commodity shall be restricted to numerical position limits as mandated from time to time. For the present, the numerical position limits as existing shall be c....

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....ions in far months contracts shall not be permitted for the purpose of computation of near month position of any client . (II) Member level - a. Overall position limit for a particular commodity shall be the numerical position limits as mandated from time to time or 15% of market wide open interest, whichever is higher. b. As prescribed vide SEBI circular dated January 15, 2016, near month po....

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.... two will be reckoned. e. Position limits for member's proprietary positions shall be same as client level position limits. 2. The above provisions shall be effective from March 01, 2016 onwards. 3. The Exchanges are advised to: i. bring the provisions of this circular to the notice of the members of the Exchange and also to disseminate the same on their website. ii. communicate to SEBI, t....