Search: position limits

September 2026

• 9Sep

  SEBICommodity derivatives: SEBI revises penalties for client-level position limit breaches and the test for a “Broad” agricultural commodity

  Penalty: 2% or ₹2 lakh, lowerRelief

  SEBI has revised the penal provisions for open-interest violations at client level in the commodity derivatives segment: the penalty is 2% of the value of the excess for the days it continues, or ₹2,00,000 (₹10,000 where the excess is up to 2% of the limit), whichever is lower. No additional penalty applies where the breach arises only from clubbing. The definition of “Broad Commodity” and client position limits are also revised.