The Securities and Exchange Board of India vide its notification dated 18th September 2020 has decided extend the regulatory measures introduced in its Press Release dated March 20, 2020 shall continue to be in force till 29th October, 2020.
For stocks in the F&O segment meeting certain criteria, market-wide position limit was revised to 50 per cent of the existing levels as part of the measures announced in March.
Accordingly, stock exchanges/clearing corporations shall put in place an effective mechanism to monitor whether the market wide open interest for scrips meeting the aforesaid criteria exceeds 95% of the reduced market-wide position limit as arrived.
Further, the dynamic price bands may be flexed only after a cooling-off period of 15 minutes from the time of meeting the existing criteria specified by stock exchanges for flexing.
