Capital market regulator The Securities and Exchange Board of India (SEBI) is planning to introduce new rules to strict the eligibility criteria for the inclusion of stocks into the equity derivatives segment, the “Economic Times” reported on Friday, citing sources in the know of the development.
Accordingly, the proposes stricter rules could restrict the entry of various thinly-traded stocks into futures and options, they said.
SEBI may propose that for being eligible for inclusion or to remain in the derivative segment, the average daily delivery value of a share should be at least Rs10 crore to Rs20 crore in the previous six months on a rolling basis, the report noted.
Market Regulator is also likely to double the market-wide position limit from the existing Rs500 crore to Rs1,000 crore on a rolling basis, for the inclusion of stock in the F&O segment.
In addition to this, the newly-listed entities/stocks would be eligible for entry into the F&O segment only after six months of their listing, according to the proposed criteria.
SEBI may also introduce a clause that states the stock should be traded by 15% of the registered brokers or at least 200 brokers, whichever is lesser, to be eligible for the F&O segment.
The proposal was reportedly discussed in a recent SEBI-appointed Secondary Market Advisory Committee (SMAC) meeting
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