Revision of proprietary position limits of non-bank stock brokers for currency derivatives contracts

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..... vatives contracts This is further to SEBI circular no. CIR/MRD/DP/20/2014 dated June 20, 2014, wherein, revised position limits in the USD-INR, EUR-INR, GBP-INR and JPY-INR contracts were specified. 2. Based on the feedback received from market participants with regard to the proprietary positions limits of stock brokers in the exchange traded currency derivatives contracts, it has been de .....

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..... is circular, including necessary amendments to the relevant bye-laws, rules and regulations; (b) bring the provisions of this circular to the notice of the stock brokers / clearing members and also disseminate the same on their website; (c) communicate to SEBI the status of implementation of the provisions of this circular. 4. This circular is being issued in exercise of powers conferred .....

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