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Our Bureau

Mumbai , Dec. 30

SEBI has hiked the trading member position limit for stock-based derivatives. As per this, for stocks having market-wide position limit of Rs 500 crore or more, the combined futures and options position limit shall be 20 per cent of applicable market-wide position limit or Rs 300 crore, whichever is lower. And within this, stock futures position limit cannot exceed 10 per cent of applicable market-wide position limit or Rs 150 crore, whichever is lower.

For stocks having applicable market-wide position limit less than Rs 500 crore, the combined futures and options position limit would be 20 per cent of applicable market-wide position limit. Futures position cannot exceed 20 per cent of applicable market-wide position limit or Rs 50 crore whichever is lower, SEBI said, after its board approved the recommendations of its Secondary Market Committee.

For filing corporate information, SEBI, in consultation with BSE and NSE, is in the process of bringing a common electronic platform, which will be maintained and run by the exchanges. The proposed platform would introduce single window filing and would also service as a one-stop shop for corporate information of listed companies, the SEBI Chairman, Mr M. Damodaran, told a news conference, after its board meeting here.

Unique Identification Number: The SEBI board also decided to resume fresh registrations for obtaining UIN under SEBI (Central Database of Market Participants) Regulations, 2003 (MAPIN). The registration process will be resumed in a phased manner.

To begin with, the cut off limit for obtaining UIN with biometric impressions for natural persons has been raised from the existing limit of trade over value of Rs 1 lakh to Rs 5 lakh or more.

The limit will be reduced progressively, Mr Damodaran said.

For trade value of less than Rs 5 lakh, option will be available to investors to obtain either the Permanent Account Number of Income Tax Department or UIN obtained under MAPIN.

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