This is further to SEBI circular no. CIR/MRD/DP/34/2012 dated December 13, 2012 regarding “PreTrade Risk Controls” and the Exchange notices 20121224-12 dated December 24, 2012, 20140509-26 dated May 09, 2014 and 20190114-40 dated January 14, 2019.
It has been decided by Secondary Market Advisory Committee (SMAC) of SEBI to review the mechanism for relaxation of the operating ranges applicable to securities for which derivative products are available. Members are requested to note the below mentioned changes:
In the event of a market trend in either direction, the dynamic price bands may be relaxed during the day in co-ordination with the other Exchange.
For the purpose of relaxing the dynamic price bands, the Exchange will take into account that a minimum of 25 trades & 5 different UCCs on both sides of the trade at or above 9.90% or more of the base price and in further multiples of 5% of the price movement.
Further, please note that all other provisions except as mentioned above shall remain unchanged. The effective date of implementation of the above provisions shall be intimated separately.
In case of any clarifications, members are requested to contact 2272 5001/ 2272 1717 /2272 5158.
For & On behalf of BSE Ltd.
|
Usha Sharma
|
Yogendra Daxini
|
|
Addl. General Manager
|
AGM
|
|
Surveillance
|
Surveillance
|
February 08, 2019
|