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Notice No.   20121224-36   Notice Date   24 Dec 2012
Category   Trading   Segment   Derivatives
Subject   Discontinuation of LEIPS V programme


SEBI vide Circular CIR/DNPD/5/2011 dated June 2, 2011 (BSE Notice no-20110602-18, Dated June 02, 2011), permitting stock exchanges to introduce Liquidity Enhancement Schemes (LES) for illiquid securities in their equity derivatives segment. The Circular states that the Exchange may amend / discontinue the Scheme at any time with an advance notice of 15 days.
The fifth programme in the series LEIPS-V was launched on August 01, 2012 vide notice no. 20120713-22 dated July 13, 2012. The Programme focuses on single Stock Futures Contracts on 8 underlying viz. State Bank of India, Reliance Industries Limited, ICICI Bank Limited, TATA Steel Limited, TATA Motors Limited, INFOSYS Technologies Limited, Larsen & Toubro Limited & Axis Bank Limited.
Trading members are hereby informed that Exchange has decided to discontinue the aforesaid LEIPS V programme with effect from January 8, 2013
For any further clarifications, please contact your designated Relationship Managers.

Devika Shah
Sameer Vaze
Sr.GM – Trading Operations
DM – Trading Operations