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Introduction of Derivative Contracts on Foreign Stock Indices - SEBI - CIR/DNPD/ 2 /2011

Extract

..... lar is issued in exercise of the powers conferred under 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. 3. The circular shall come into force from the date of the circular. 4. This circular is available on SEBI website at www.sebi.gov.in., under the category “Derivatives- .....

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Introduction of Derivative Contracts on Foreign Stock Indices - SEBI

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..... t stock index fails to meet any of the eligibility criteria for three months consecutively, no fresh contract shall be introduced on that Index. However, the existing unexpired contracts would be traded till expiry and new strikes may be introduced on those contracts. 3. Currency Denomination The absolute numerical value of the underlying foreign stock index shall be denominated in Indian Rupees (INR). The derivatives contracts on that foreign stock index would be denominated traded and settled .....

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Introduction of Derivative Contracts on Foreign Stock Indices - SEBI

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..... foreign stock indices and obtain requisite approvals from the concerned regulatory bodies. 8. Enforcement Any kind of market demeanor in the market for the derivatives on foreign stock indices shall be subject to the appropriate enforcement actions, as applicable to the market for any securities. 9. Trading Trading in derivatives on Foreign Stock Indices shall be restricted to residents in India. ANNEXURE A S No. Exchange Americas 1. BM&FBOVESPA 2. Chicago Board Options Exchange (CBOE) 3. CM .....

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Introduction of Derivative Contracts on Foreign Stock Indices - SEBI

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