Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives

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..... RA would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015), or till such time as notified by SEBI, whichever is earlier. 2. Erstwhile FMC, from time to time, had prescribed various norms related to Daily Price Limits (DPL) determination. SEBI Vide its circular CIR/CDMRD/DMP/2/2016 dated January 15, 2016 prescribed norms with regard to Daily Price Limits (DPL) for agricultural commodity derivatives. This circular is being issued in continuation of SEBI circular dated January 15, 2016 with an objective of consolidating and updating norms prescribed by erstwhile FMC with regard to DPL of non-agricultural commodity derivatives and norms for DPL determination on first trading da .....

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..... any cooling off period in the trading. In case, 1st Enhanced Slab is also breached, then after a cooling off period of 15 minutes, the DPL shall be further relaxed by 2nd Enhanced Slab . 3.3.2. During cooling off periods trading shall continue to be permitted within the previous slab of DPL. 3.3.3. In case price movement in referencable international market is more than the aggregate DPL, the same may be further relaxed in steps of 3% by Exchanges. Exchanges shall immediately inform Integrated Surveillance Department (ISD) of SEBI about any such relaxation of DPLs beyond Aggregate DPL, along with all the relevant details and justification. 4. DPL on First Trading Day of the Contract (For Agri/Non-Agri Commodity Derivatives) .....

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..... minate the same on their website. iii. communicate to SEBI, the status of the implementation of the provisions of this circular. 8. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 9. This circular is available on SEBI website at www.sebi.gov.in under the category Circulars and Info for Commodity Derivatives . Yours faithfully, Vikas Sukhwal Deputy General Manager Division of Market Policy Commodity Derivatives Market Regulation Department [email protected] - Circular - Trade No .....

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