{"id":1520,"date":"2021-09-08T09:28:54","date_gmt":"2021-09-08T09:28:54","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=1520"},"modified":"2021-09-08T09:28:54","modified_gmt":"2021-09-08T09:28:54","slug":"position-limits-for-currency-derivatives-contracts","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/position-limits-for-currency-derivatives-contracts\/","title":{"rendered":"Position Limits for Currency Derivatives Contracts"},"content":{"rendered":"

September<\/span> 07<\/span>, 2021<\/span> <\/span><\/p>\n

All<\/span> Recognized<\/span> Stock Exchanges<\/span> <\/span>
A<\/span>ll Recognized <\/span>Clearing Corporations<\/span> <\/span>
All Depositories<\/span> <\/span>
All Designated Depository Participants (DDPs) through Depositories<\/span> <\/span>
All Custodians<\/span> <\/span>
All Foreign Portfolio Investors (FPI) through their <\/span>DDPs<\/span><\/span><\/p>\n

Madam<\/span>\/Sir,<\/span><\/span><\/p>\n

SEBI <\/span> vide<\/span> circular <\/span><\/span> CIR\/MRD\/DP\/20\/2014<\/span><\/span> dated June 20, 2<\/span>014 <\/span> interalia<\/span> prescribed the <\/span>position limits <\/span> in permitted currency pairs<\/span><\/span>.<\/span><\/span> <\/span> Based on feedback received from <\/span><\/span>Stock <\/span><\/span>Exchanges\/ Clearing Corporations <\/span><\/span>and upon a review<\/span><\/span> <\/span>of the same<\/span><\/span>, it has been decided to <\/span><\/span>revise the <\/span><\/span>client level <\/span><\/span>position limits<\/span><\/span>, <\/span><\/span>per stock excha<\/span><\/span>nge<\/span><\/span>,<\/span><\/span> <\/span>as follows:<\/span><\/span> <\/span><\/p>\n

<\/p>\n

2. The revised<\/span> position limits shall also apply to <\/span>Non Resident Indians (NRIs) and <\/span>Category II <\/span>FPIs <\/span>that <\/span>are <\/span>individuals, <\/span>family <\/span>offices, <\/span>and <\/span>corporates.<\/span> The <\/span>circular(s<\/span>) <\/span><\/span>SEBI\/HO\/MRD\/DP\/CIR\/P\/2017\/63<\/span><\/span> dated June 28, 2017 and <\/span><\/span> CIR\/MRD\/DP\/20\/2014<\/span><\/span> dated <\/span>June 20, 2014 <\/span> read with SEBI circular <\/span><\/span> IMD\/FPI&C\/CIR\/P\/2019\/124<\/span><\/span> dated November 05, <\/span>
2019<\/span> shall stand modified to t<\/span>he extent mentioned above.<\/span> <\/span><\/p>\n

3. The position limits for Category I FPIs and Category II FPIs (other than individuals, family <\/span>offices, and corporates) shall continue to remain the same as specified <\/span> vide<\/span> SEBI circular <\/span><\/span>CIR\/MRD\/DP\/20\/2014<\/span><\/span> dated <\/span>June <\/span>20, <\/span>2014 <\/span>read <\/span>with <\/span>SEBI <\/span>circular <\/span><\/span>IMD\/FPI&C\/CIR\/P\/2019\/124<\/span><\/span> dated November 05, 2019. <\/span> All other conditions as specified <\/span>
vide<\/span> ear<\/span>lier SEBI circulars shall <\/span>also <\/span>remain unchanged.<\/span> <\/span><\/p>\n

4. Stock Exchanges\/ Clearing Corporations may specify additional safeguards\/ conditions, as <\/span>deemed fit, to manage risk and to ensure orderly trading.<\/span> <\/span><\/p>\n

5. The provisions of this circular shall come into <\/span>force with<\/span> immediate <\/span>effect.<\/span><\/span><\/p>\n

6. This circular is being issued in exercise of powers conferred under Section 11(1) of the <\/span>Securities and Exchange Board of India Act, 1992, to protect the interests of investors in <\/span><\/span>securities<\/span><\/span> <\/span>and to promote the development of, and to reg<\/span><\/span>ulate<\/span><\/span>,<\/span><\/span> <\/span>the securities market.<\/span><\/span><\/span><\/p>\n

7. This <\/span>circular <\/span>is <\/span>available <\/span>on <\/span>SEBI <\/span>website <\/span>at <\/span><\/span>www.sebi.gov.in<\/span><\/span> under <\/span>the <\/span>category <\/span>“Circulars”.<\/span><\/span><\/p>\n

Yours faithfully,<\/span> <\/span>
<\/span>
<\/span>
Sudeep Mishra<\/span> <\/span>
General Manager<\/span> <\/span>
Market Regulation <\/span>Department<\/span> <\/span>
E<\/span>–<\/span>mail<\/span>: <\/span><\/span>sudeepm@sebi.gov.in<\/span><\/span> <\/span><\/p>\n

To Read More….<\/strong>
\nClick the link below….<\/strong><\/p>\n

https:\/\/www.dropbox.com\/s\/ehqzwu1u57cl2wa\/1631013629474.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

September 07, 2021 All Recognized Stock Exchanges All Recognized Clearing Corporations All Depositories All Designated Depository Participants (DDPs) through Depositories All Custodians All Foreign Portfolio Investors (FPI) through their DDPs Madam\/Sir, SEBI vide circular CIR\/MRD\/DP\/20\/2014 dated June 20, 2014 interalia prescribed the position limits in permitted currency pairs. Based on feedback received from Stock Exchanges\/ […]<\/p>\n","protected":false},"author":2,"featured_media":1442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,85],"tags":[88],"class_list":["post-1520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-sebi","tag-sebi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=1520"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1520\/revisions"}],"predecessor-version":[{"id":1521,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1520\/revisions\/1521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1442"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=1520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=1520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=1520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}