News From Press Sebi comes out with guideline to verify upfront collection of margins

Sebi comes out with guideline to verify upfront collection of margins

The regulator has decided to do away with the requirement of "the underlying 'Futures contracts' on the corresponding commodity shall be amongst the top five futures contracts in terms of total trading turnover value of previous 12 months".

Financial Express Jul 21, 2020

Markets regulator Sebi on Monday released framework to enable verification of upfront collection of margins from clients in cash and derivatives segments. The new framework will come into effect from December 1, 2020, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator has reiterated that the applicable upfront margins will be collected from the clients in advance.

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