Review of the Securities Lending and Borrowing (SLB) Framework

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....ember 20, 2007 and operationalised with effect from April 21, 2008. The SLB framework was revised vide circular no. MRD/DoP/SE/Cir- 31/2008 dated October 31, 2008, circular no. MRD/DoP/SE/Dep/Cir- 01 /2010 dated January 06, 2010 and circular no. CIR/MRD/DP/33/2010 dated October 07, 2010. The framework for SLB is hereby modified as under: 1.1. Introduction of roll-over facility 1.1.1. Any lender....

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....iquid Index ETFs shall be eligible for trading in the SLB segment. 1.2.2. For the purposes of this circular, an Index ETF shall be deemed 'liquid' provided the Index ETF has traded on at least 80% of the days over the past 6 months and its impact cost over the past 6 months is less than or equal to 1%. 1.2.3. Positions limits for SLB in respect of ETFs shall be based on the assets under manage....