Revision in Position Limits for Agricultural Commodities

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....ties 1. In continuation of SEBI circular No CIR/CDMRD/DMP/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.....

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....be considered. e. Thus henceforth, netting out near month contract with off-setting positions 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....

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....e member (which will also be treated like a client position). All longs and shorts will be added up separately and higher of the 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 provis....