Revision of proprietary position limits of non-bank stock brokers for currency derivatives contracts

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....ers for currency derivatives contracts This is further to SEBI circular no. CIR/MRD/DP/20/2014 dated June 20, 2014, wherein, revised position limits in the USD-INR, EUR-INR, GBP-INR and JPY-INR contracts were specified. 2. Based on the feedback received from market participants with regard to the proprietary positions limits of stock brokers in the exchange traded currency derivatives contra....

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....t in place systems for implementation of this circular, including necessary amendments to the relevant bye-laws, rules and regulations; (b) bring the provisions of this circular to the notice of the stock brokers / clearing members and also disseminate the same on their website;  (c) communicate to SEBI the status of implementation of the provisions of this circular. 4. T....