Professional Documents
Culture Documents
Compliance
Compliance
Compliance
2 FITTC/DC/1847/98 26/6/1998
4 SMD/DC/Cir-17/2003/10/29 29/10/2003
12/2/2002
29/10/2003
5 NSE/CMPT/15158 7/7/2010
10 SEBI/DNPD/Cir-26/2004/07/16 16/07/2004
13 MIR&SD/DR-1/MSS/CIR-08/2004 20/1/2004
14 SEBI/DNPD/Cir-33/2007 27/12/2007
COMPLIANCES
1)SMD/DC/CIR-112/02 13/5/2002
17 2)SMD/DC/ 5413 /03
18 SMD/DC/CGM/CIR-6/01 20/6/2001
19 SMD/DC/CIR.9/01 24-8/2001
22 DNPD/Cir-50/2010 8/1/2010
FITTC/DC/CIR-3468/98 3/12/1998
24 SMDRP/DC/CIR-14/02 18/12/2002
25 SEBI/MIRSD/DPS-1/Cir-31/2004 26/8/2004
Annexure I
Annexure 2
Annexure 3
Annexure 4
Annexure 5
26 Regulation 17 – 18
27 Overview BSE
28 Circular No.21
SUBJECT/OBJECTIVE Issued by
Exchanges willing to start derivativs trading may submit their application to SEBI for
its consideration SEBI
The open position for all derivative contracts would be valued as the open interest
multiplied with the closing price of the respective underlying in the cash market SEBI
There are no maximum and minimum price ranges for Futures and Options
Contracts. However, to avoid erroneous order entry, dummy price bands have been
introduced in the Derivatives Segment. Further, no price bands are prescribed in the
Cash Segment for stocks on which Futures & Options contracts are available for
trading. Also, for those stocks which do not have Futures & Options Contracts
available on them but are forming part of the index on which Futures & Options
contracts are available, no price bands are attracted provided the daily average
trading on such indices in the F & O Segment is not less than 20 contracts and traded
on not less than 10 days in the preceding month.
BSE
Derivative exchanges/Segment shall submit their proposal for approval of the Index
option contarct to SEBI which shall include: the details of the proposed derivative
contract to be traded (e.g; Symbol, Underlying Multiplier, margin, trading hours etc.) SEBI
Derivative/Segment shall submit their proposal for approval of the stock option
contract to SEBI which shall include: the details of the proposed derivative contract
to be traded (e.g; Symbol, underelying etc. ) SEBI
Risk containment measures and the broad eligibility criteria of stocks on which
stock options and single stock futures could be introduced.And containment
measures and board eligiblity critaria. SEBI
Introduction of mini derivative (Futures & Options) contract on Index (Sensex & Nifty)
Exchnage traded currenncy derivatives. In this circuler the eligiblity norms for
exchanges, clearing houses, SEBI
Monthly Activity Report (MAR) from may, 2002 onwards least by the 7th of the
following month. SEBI
Cross margin across Exchange traded Equity (cash) and Exchange traded
Equity Derivative (derivatives) segments. SEBI
Expiry date for Derivarive Contracts. SEBI
Standardized lot size for Derivative contracts on Individual Securities. The lot size
for an underlying with price of Rs. 250,i.e., in the price band of Rs.201-400, shall be
1,000 units. The stock Exchange shall review the lot size once in every 6 months
based on the clossing price of the underlying for last one month and wherever
warranted, revise the lot size by giving an advance notice of atleast 2 weeks to the
market . SEBI
1-Every stockbroker shall keep and maintain following books of accounts, records
and documents namely:- (a)Register of
transaction, (b)Client register, (c)General ledger, (c)Journals, (d)Cash book, (e)Bank
passbook, (f)Documents register, (g)Members' contract books, (h)Duplicates of
contract notes issued to clients, (j)Written consent of clients,(k)Margin deposit book,
(l)Registers of accounts of sub- brokers, (m)An agreement with a sub- broker
specifying scope of authority and responsibilities of Stock Broker and such sub-
broker,
2-Place where books of accounts, records and documents are maintained shall be
intimated to SEBI
3-Every stock- broker shall, within 6 moths from close of accounting period, furnish a
copy of the audited balance sheet and profit and loss account to SEBI
4-Where it is not possible to furnish the above documents within the time specified,
SEBI shall be kept informed of the same together with reasons thereof and period
within which it would be furnished
5-Books of account and other records shall be preserved for a minimum period of five
years