17 January, 2019
On January 4, 2019, SEBI issued a circular directing all recognised stock exchanges to make additional disclosures on their websites with respect to trading in commodity derivatives. The formats for these disclosures have also been prescribed. Annexure I contains format for disclosure of Open Interest and turnover for various categories of participants at Commodity as well as market level while Annexure II contains commodity wise format of disclosure for top participants, members and market wide position limits. Stock Exchanges shall make disclosures on daily basis, latest within a month of the date of this circular.
Such disclosures for any day are to be made before start of trading on the next day. The recognized stock exchange shall make necessary disclaimer that the grouping of clients is based on the “Guidelines on Clubbing of Open Positions” issued by it. Exchanges have been directed to also maintain complete historical data of the above disclosures on their website in spread sheet format.
For further information, please contact:
Vineet Aneja, Partner, Clasis Law
vineet.aneja@clasislaw.com
