Regulatory Alerts2025-05-29
Measures for Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
The Securities and Exchange Board of India (SEBI) has issued a circular introducing a new delta-adjusted Open Interest (FutEq OI) metric and recalibrating Market Wide Position Limits (MWPL) for single stocks to better align derivatives risk with cash market liquidity. The regulator has also established specific position limits for index futures and options, mandated intraday monitoring of MWPL utilization, and extended pre-open trading sessions to derivatives contracts. These measures, developed in consultation with an Expert Working Group, are scheduled for phased implementation between July and December 2025 to strengthen market integrity and surveillance.
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