Revision of Eligibility Criteria for Stocks in Derivatives Segment
Summary
SEBI revises the minimum Median Quarter Sigma Order Size (MQSOS) for introducing stocks in the derivatives segment from Rs 5 Lakh to Rs 10 Lakh. The Minimum Working Public Limit (MWPL) requirement for new eligibility is increased from Rs 100 crore to Rs 300 crore. Exit criteria are tightened by raising MWPL to Rs 200 crore, MQSOS to Rs 5 Lakh, and adding a turnover threshold of Rs 100 crore.
Text
minimum MQSOS requirement revised to ` 10 Lakh
substitute “Rs. 5 Lakh” with “` 10 Lakh” in Para ‘3.1.2.b’
minimum MWPL requirement revised to ` 300 crore
substitute “Rs. 100 crores” with “` 300 crore” in Para ‘3.1.2.c’
MWPL revised to ` 200 crore; MQSOS revised to ` 5 Lakh; add average monthly turnover criterion of ` 100 crore
substitute first paragraph under heading “Exit criteria...” with specified retention criteria
Rest of the stipulations regarding eligibility and exit criteria... will remain as it is
No fresh month contract shall be issued on exiting stocks; existing unexpired contracts may trade till expiry
issued in exercise of powers conferred under Section 11(1) of SEBI Act 1992, read with Section 10 of SCRA 1956
Source: SecMarx — Revision of Eligibility Criteria for Stocks in Derivatives Segment. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.