Revised Position Limits for Exchange Traded Currency Derivatives

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..... Limits for Exchange Traded Currency Derivatives This is in partial modification of SEBI Circular No. SEBI/DNPD/Cir-38/2008 dated August 6, 2008 which, inter-alia, specified the position limit applicable for Client and Trading Member for Exchange Traded Currency Derivatives. The position limits were reviewed by the RBI-SEBI Standing Technical Committee and based on its recommendations, the client .....

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..... 08. It is clarified that the position limits shall be specific to an Exchange and not to the Exchange Traded Currency Derivatives market as a whole. This Circular is being 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 invest .....

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