SEBI Implements New Guidelines for Intraday Index Derivative Monitoring from April 1, 2025.
Banking & Finance
In March 2025, Mumbai (Maharashtra)-based market regulator, Securities and Exchange Board of India (SEBI), issued new guidelines for monitoring intraday position limits for exchanges and clearing corporations (CCs).
- As per the new norms, stock exchanges will monitor position limits for index derivatives on an intraday basis, effective from April 1, 2025.
- SEBI has clarified that no penalties will be imposed for breaching existing position limits during the trading day until further notice.
- SEBI has proposed new position limits for index derivatives to better reflect actual market risks.
Main Point :- (i) For index options, the end-of-day limits are set at Rs 500 crore (net) and Rs 1,500 crore (gross), while intraday limits are Rs 1,000 crore (net) and Rs 2,500 crore (gross).
(ii) For index futures, the end-of-day limit has been increased from Rs 500 crore to Rs 1,500 crore, with an intraday limit of Rs 2,500 crore.
(iii) SEBI has extended the deadline for Regulated Entities (REs) to adopt the Cybersecurity and Cyber Resilience Framework (CSCRF) until June 30, 2025, providing a 3-month extension from the original deadline.
About SEBI
Chairperson : Tuhin Kanta Pandey
Headquarter : Mumbai
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