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Sebi to Roll Out New F&O Risk Measures in Phases From 1 Jul

Mint Bangalore

|

May 30, 2025

A Key Change Is the Shift to a More Risk-Sensitive Delta-Adjusted OI for Monitoring F&O Positions

- Neha Joshi

The market regulator will implement its latest measures to monitor risks in equity derivatives, including position limits linked to the price of the underlying asset, in a staggered manner starting 1 July.

The Securities and Exchange Board of India's (Sebi) new framework, announced on Thursday, aims to improve the risk metrics for better monitoring and disclosures in futures and options (F&O), reduce instances of spurious F&O ban periods in single stocks and better oversight against concentration or manipulation risk in index options.

A key change is the shift to a more risk-sensitive metric—delta-adjusted open interest—for monitoring positions across futures and options. Clearing corporations have already adopted it.

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