The National Stock Exchange of India Ltd. (NSE) has issued a Circular to all of its members specifying the position limits applicable to future and option contracts on individual securities. This Circular was issued on 27th November 2020 and the said position limits will be reckoned with effect from the 1st of December 2020.
The Annexure I of the Circular specifies the Market-Wise Position Limit (MWPL), Trading Member (TM) Position Limit, Category I and II of Foreign Institutional Investor (FII) or Foreign Portfolio Investor (FPI) and Mutual Fund Position Limits.
The Circular was issued in the light of the Regulations of the Futures & Options Segment and with reference to Circulars dated January 01, 2020, December 29, 2016 and November 07, 2019.
