In continuation of our circular dated June 20, 2000 on reporting of derivative contracts to SEBI, you are advised to provide the additional information,
The ‘Technical Group’ has recommended the risk containment measure for Exchange traded Options on Stocks. While SEBI would not mandate any particular risk management product.
Circular No. 578/15/2001-CX It has come to the notice of Board that in a number of cases where appeals/SLP/R.A. have been filed in CEGAT/Courts in cases pertaining to PSUs, proposals for obtaining COD clearance are not forwarded by the concerned Commissioners in time and proposals are often sent only after the CEGAT/Court dismisses the case for want of COD clearance after a long passage of time – in some cases even 10 years after the appeal was originally filed.
