Regulatory Alerts2025-10-30
Added · Updated
Implementation of eligibility criteria for derivatives on existing Non-Benchmark Indices
Stock Exchanges must adjust constituents and weights in existing Non-Benchmark Indices to meet prudential norms, including a minimum of 14 constituents, a top constituent weight cap of 20%, and a combined top three weight cap of 45%. Compliance for BANKEX and FINNIFTY derivatives must be achieved by December 31, 2025, through single-tranche adjustments, while BANKNIFTY derivatives require phased adjustments over four monthly tranches completed by March 31, 2026. Stock Exchanges and Clearing Corporations are required to implement necessary systems, processes, and bye-law amendments to ensure adherence to these revised timelines and eligibility criteria.
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