Trading by FIIs in Exchange Traded Equity Index Derivative Contracts

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....vative Contracts This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. This circular is in continuation with SEBI circ....

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.... under: I. FII Position Limits in equity index derivative contracts: Clause I of SEBI circular SMD/DC/CIR-11/02 dated February 12, 2002 on FII position limits in equity index derivatives stands modified as under: i. FII Position limits in Index options contracts: FII position limit in all index options contracts on a particular underlying index shall be ₹ 250 Crores or 15 % of the to....

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....value) the FII's holding of stocks. b. Long positions in index derivatives (long futures, long calls and short puts) not exceeding (in notional value) the FII's holding of cash, government securities, T-Bills and similar instruments. II. Monitoring of Position Limits 1. The FII shall report to the Clearing Member (Custodian) the extent of FII's holding of stocks, cash, government securities....