SEBI Commodity Position Limits 9 September 2026: 2% Caps and New Penalties Explained
SEBI changed India’s commodity derivatives position-limit framework on 9 September 2026, and the circular took effect immediately. The new SEBI commodity position limits double the client-level caps for agricultural commodities to 2% of deliverable supply for Broad commodities, 1% for Narrow commodities and 0.5% for sensitive commodities. SEBI also capped the daily monetary penalty for a client-level breach: ₹200,000 where the violation exceeds 2% of the prescribed limit, and ₹10,000 where it is up to 2%. Traders should not read the change as permission to ignore exchange risk controls; excess positions can still be squared off.
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