- News>
- Finance & Markets
Sebi modifies derivative position limits to FII and NRIs
Mumbai, Oct 30: Sebi has modified the position limit on foreign institutional investor`s and NRIs exposure to derivatives contracts as a risk management measure effective from October 31, 2003.
Mumbai, Oct 30: Sebi has modified the position limit on foreign institutional investor's and NRIs exposure to derivatives contracts as a risk management measure effective from October 31, 2003.
For the stocks with market wide limit upto Rs 250 crore, the limit on FII investment would be 20 per cent of the market wide limit.
The modified FII position limits would come into effect from October 31, 2003, Sebi said in communication to the stock exchanges today.
For stocks in which the market wide position limit was greater than Rs 250 crore, the FII position limit would be Rs 50 crore,
The position limits were already applicable to trading members and were now being extended to FII and NRIs, Sebi sources said.
The FII position limits in index based derivative contracts and the sub-account position limits would remain unchanged, Sebi added.
The position limits for NRIs would be the same as the client level position limits specified by Sebi, it added.
Bureau Report
The modified FII position limits would come into effect from October 31, 2003, Sebi said in communication to the stock exchanges today.
For stocks in which the market wide position limit was greater than Rs 250 crore, the FII position limit would be Rs 50 crore,
The position limits were already applicable to trading members and were now being extended to FII and NRIs, Sebi sources said.
The FII position limits in index based derivative contracts and the sub-account position limits would remain unchanged, Sebi added.
The position limits for NRIs would be the same as the client level position limits specified by Sebi, it added.
Bureau Report