Hong Kong – SFC Enhances Position Limit Regime

SFC new position limit changes in effect 1 June 2017.

The Securities and Futures Commission (SFC) announces that enhancements to the position limit regime, including introducing various excess position limits and raising the statutory position limit for stock options contracts, will come into operation on 1 June 2017, the commencement date of amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules.

These changes are a result of a consultation which concluded back in March – consultation results.

 

 

SEBI Updates Futures Position Limits

On 17 May, SEBI updated position limits for cross-currency futures and options.

  • For cross-currency futures and options contracts not involving Indian Rupee in IFSC.

Position Limits

  • Gross open position across contracts not to exceed 15% of total open interest or $1bn
  • Applies to trading members, institutional investors and the eligible foreign investors
  • Other clients must not exceed 6% of total open interest of $100m, which is higher
  • Stock exchanges to impose appropriate penalties for violation by market participants

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