Trading by FIIs and NRIs in Exchange Traded Derivative Contracts

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....y FIIs and NRIs in Exchange Traded Derivative 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 cir....

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....(DIR Series) Circular No.13, dated September 1, 2003 has specified that FIIs & NRIs may trade in all exchange traded derivative contracts approved by SEBI from time to time subject to the limits prescribed by SEBI. Accordingly the position limits for FIIs and NRIs shall be as under: I) POSITION LIMITS The FII position limits in a derivative contract on a particular underlying stock i.e. stock op....

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....limits shall be - * For Index based contracts, a disclosure requirement for any person or persons acting in concert who together own 15% or more of the open interest of all derivative contracts on a particular underlying index. * For stock option and single stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a NRI shall not excee....