Clarification on Exchange Traded Option contracts on EUR-INR, GBP-INR and JPY-INR currency pairs

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..... Sir / Madam, Subject: Clarification on Exchange Traded Option contracts on EUR-INR, GBP-INR and JPY-INR currency pairs 1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9, 2016 laid down the detailed framework for introduction of cross-currency futures and option contracts in the EUR-USD, GBP-USD and USD-JPY currency pairs and introduction of currency option contracts in EUR- .....

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..... hanges shall take into consideration factors such as movement in the underlying price, volatility in the price of the underlying, any news on concerned foreign currency and its likely impact, movement of the price of the underlying at other stock exchanges, etc while relaxing such price bands. (d) Stock exchanges shall ensure that the mechanism for relaxation of dynamic price bands are not misu .....

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..... lementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations, (ii) bring the provisions of this circular to the notice of the stock brokers and also disseminate the same on their website, and (iii) communicate to SEBI the status of implementation of the provisions of this circular. 6. This circular is being issued in exercise of powers confer .....

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