{"id":6020,"date":"2024-10-08T12:21:21","date_gmt":"2024-10-08T12:21:21","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=6020"},"modified":"2025-01-14T12:49:47","modified_gmt":"2025-01-14T12:49:47","slug":"sebis-new-rules-for-index-derivatives","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/sebis-new-rules-for-index-derivatives\/","title":{"rendered":"Understanding SEBI&#8217;s New Rules for Index Derivatives: What\u2019s Changing for Traders?\u00a0"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#key-changes-in-seb-is-derivatives-regulations\">Key Changes in SEBI\u2019s Derivatives Regulations\u00a0<\/a><ul><li class=\"\"><a href=\"#1-removal-of-calendar-spread-margin-benefit-on-expiry-day\">1. Increase in Contract Size\u00a0<\/a><\/li><li class=\"\"><a href=\"#2-revised-contract-size-for-index-derivatives\">2. Revised Lot Sizes\u00a0<\/a><\/li><li class=\"\"><a href=\"#3-rationalization-of-weekly-expiry-products\">3. Limiting Weekly Expiry Contracts\u00a0<\/a><\/li><li class=\"\"><a href=\"#4-increased-tail-risk-coverage-on-expiry-day\">4. Increased Tail Risk Coverage on Expiry Day\u00a0<\/a><\/li><li class=\"\"><a href=\"#5-upfront-collection-of-options-premium\">5. Upfront Collection of Options Premium\u00a0<\/a><\/li><li class=\"\"><a href=\"#6-intraday-monitoring-of-position-limits\">6. Intraday Monitoring of Position Limits\u00a0<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#summary-of-key-changes\">Summary of Key Changes\u00a0<\/a><\/li><li class=\"\"><a href=\"#impact-on-traders-and-examples\">Impact on Traders and Examples\u00a0<\/a><ul><li class=\"\"><a href=\"#1-reduced-leverage-for-option-buyers\">1. Reduced Leverage for Option Buyers\u00a0<\/a><\/li><li class=\"\"><a href=\"#2-higher-margins-on-expiry-days\">2. Higher Margins on Expiry Days\u00a0<\/a><\/li><li class=\"\"><a href=\"#3-adjusted-contract-sizes\">3. Adjusted Contract Sizes\u00a0<\/a><\/li><li class=\"\"><a href=\"#4-reduced-speculative-trading-on-expiry\">4. Reduced Speculative Trading on Expiry\u00a0<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#how-to-adapt-to-these-changes\">How to Adapt to These Changes\u00a0<\/a><\/li><li class=\"\"><a href=\"#conclusion\">Conclusion\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<p>We had on 28<sup>th<\/sup> August 2024 published a Blog titled <a href=\"https:\/\/navia.co.in\/blog\/sebi-index-derivatives-framework\/\">\u201c<strong>SEBI\u2019s Consultation Paper on Index Derivatives Framework\u201d<\/strong><\/a><strong> <\/strong>which talked about the proposed measures SEBI is considering to restrict retail trading in Options&nbsp;<\/p>\n\n\n\n<p>On October 1, 2024, SEBI released a \u202f<a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/oct-2024\/measures-to-strengthen-equity-index-derivatives-framework-for-increased-investor-protection-and-market-stability_87208.html\" target=\"_blank\" rel=\"noreferrer noopener\">circular<\/a> \u202fthat changes a few things for index derivatives. Here\u2019s a breakdown of all the changes and their impact. Starting November 20, 2024, SEBI will introduce several important changes for derivative traders in an effort to increase investor protection and improve market stability. If you&#8217;re a trader dealing with index derivatives like Nifty, Sensex, BankNifty, FinNifty, Bankex, MidcpNifty, NiftyNXT50 these changes will directly impact how you trade options and futures. In this blog, we&#8217;ll explain these updates in <strong>simple terms<\/strong>, use <strong>examples<\/strong>, and provide a summary in <strong>tabular form<\/strong> for easy understanding.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-28813c9d277a4625ccfedeaf9d37f286\" id=\"key-changes-in-seb-is-derivatives-regulations\" style=\"color:#176897\"><strong>Key Changes in SEBI\u2019s Derivatives Regulations<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Based on SEBI\u2019s recent circular, the upcoming changes focus on <strong>margin requirements<\/strong>, <strong>contract sizes<\/strong>, <strong>expiry day trading<\/strong>, and more. Here\u2019s what will change:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-2b6eddd65d8dcf7024c9e0b65f78641c\" id=\"1-removal-of-calendar-spread-margin-benefit-on-expiry-day\" style=\"color:#ec4d37\"><strong>1. Increase in Contract Size<\/strong>&nbsp;<\/h3>\n\n\n\n<p>The contract value for Index F&amp;O contracts will increase from the current range of&nbsp;<strong>Rs. 5 lakhs to Rs. 10 lakhs<\/strong>&nbsp;to a new range of&nbsp;<strong>Rs. 15 lakhs to Rs. 20 lakhs<\/strong>. To align with this change, the&nbsp;<strong>NSE<\/strong>&nbsp;and&nbsp;<strong>BSE<\/strong>&nbsp;will revise the lot sizes for all new index F&amp;O contracts introduced on the effective date 21\/11\/24.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-c6beddd941d7eafad0884fb618b0fe76\" id=\"2-revised-contract-size-for-index-derivatives\" style=\"color:#ec4d37\"><strong>2. Revised Lot Sizes<\/strong>&nbsp;<\/h3>\n\n\n\n<p>The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will revise the lot sizes for all new index F&amp;O contracts as in below from February 2025 contract expiry for Monthly contract and from January 2025 1<sup>st<\/sup> week for Weekly contracts.&nbsp;<\/p>\n\n\n\n<p><strong>NSE Indices:<\/strong>&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"491\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download-1024x491.png\" alt=\"Index derivatives - NSE\" class=\"wp-image-7317\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download-1024x491.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download-300x144.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download-150x72.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download-768x368.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/download.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-left\"><strong>BSE Indices:&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"416\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002-1024x416.png\" alt=\"Index derivatives - BSE \" class=\"wp-image-7318\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002-1024x416.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002-300x122.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002-150x61.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002-768x312.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image002.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-17d383f753e7fed3aad12ff71e5c1db7\" id=\"3-rationalization-of-weekly-expiry-products\" style=\"color:#ec4d37\"><strong>3. Limiting Weekly Expiry Contracts<\/strong>&nbsp;<\/h3>\n\n\n\n<p>As per the new rules, SEBI will restrict&nbsp;<strong>weekly expiry contracts<\/strong>&nbsp;to one benchmark index per exchange. This aims to reduce speculative trading and volatility on expiry days.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"445\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003-1024x445.png\" alt=\"Weekly Expiry - Index derivatives\" class=\"wp-image-7319\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003-1024x445.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003-300x130.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003-150x65.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003-768x333.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/image003.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"5\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>Monthly Expiry Schedule<\/strong>\u00a0<strong>for Index Options and Futures<\/strong><\/mark><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Monday&nbsp;<\/strong><\/td><td><strong>Tuesday&nbsp;<\/strong><\/td><td><strong>Wednesday&nbsp;<\/strong><\/td><td><strong>Thursday&nbsp;<\/strong><\/td><td><strong>Friday&nbsp;<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td>SENSEX50,  BANKEX&nbsp;<\/td><td><\/td><td>Nifty50, FINNIFTY, BANKNIFTY,MIDCAPNIFTY, NIFTYNEXT50<\/td><td>&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td>&nbsp;&nbsp;<\/td><td>&nbsp;&nbsp;<\/td><td>Individual Securities&nbsp;<\/td><td>&nbsp;&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"5\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>Weekly Expiry Schedule<\/strong><\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>for Index Options<\/strong><\/mark><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Monday&nbsp;<\/strong><\/td><td><strong>Tuesday&nbsp;<\/strong><\/td><td><strong>Wednesday&nbsp;<\/strong><\/td><td><strong>Thursday&nbsp;<\/strong><\/td><td><strong>Friday&nbsp;<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&nbsp;&nbsp;<\/td><td>&nbsp;&nbsp;Sensex&nbsp;<\/td><td>&nbsp;&nbsp;<\/td><td>Nifty50&nbsp;<\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-88e5c574c0dc2596236378e42d7b9744\" id=\"4-increased-tail-risk-coverage-on-expiry-day\" style=\"color:#ec4d37\"><strong>4. Increased Tail Risk Coverage on Expiry Day<\/strong>&nbsp;<\/h3>\n\n\n\n<p>To cover the risk of volatile price movements on expiry day, SEBI will require traders holding short positions to maintain an&nbsp;<strong>additional 2% Extreme Loss Margin (ELM)<\/strong>&nbsp;on&nbsp;<strong>expiry day<\/strong>. This new rule will be effective from&nbsp;<strong>November 20, 2024<\/strong>.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Example Calculation:<\/strong>&nbsp;<\/p>\n\n\n\n<p>For a short position in a Nifty 25,000 call option:&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Strike Price:<\/strong>&nbsp;25,000&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Lot Size:<\/strong>&nbsp;25&nbsp;<\/p>\n\n\n\n<p><strong>2% Margin:<\/strong>&nbsp;Strike Price \u00d7 Lot Size \u00d7 2% (25,000 * 25 * 2%) = 12,500&nbsp;<\/p>\n\n\n\n<p>If the margin requirement for this position is Rs. 1 lakh, an additional margin of&nbsp;<strong>Rs. 12,500<\/strong>&nbsp;will be required on the expiry day.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-946e782ced2a8d2483ad41b85cb03260\" id=\"5-upfront-collection-of-options-premium\" style=\"color:#ec4d37\"><strong>5. Upfront Collection of Options Premium<\/strong>&nbsp;<\/h3>\n\n\n\n<p>From <strong>February 1, 2025<\/strong>, traders will need to pay the <strong>full options premium upfront<\/strong> for buying options. Previously, traders could leverage smaller upfront margins to take larger positions, especially intraday. Now, traders must pay the <strong>entire premium at the time of the trade<\/strong>, reducing the excessive leverage some traders used.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-b35cb667d757f3b39021d528c68b1b69\" id=\"6-intraday-monitoring-of-position-limits\" style=\"color:#ec4d37\"><strong>6. Intraday Monitoring of Position Limits<\/strong>&nbsp;<\/h3>\n\n\n\n<p>From <strong>April 1, 2025<\/strong>, exchanges will begin to <strong>monitor position limits intraday<\/strong> rather than just at the end of the day. This means your <strong>positions will be checked at least four times daily<\/strong> to ensure they do not exceed permissible limits.&nbsp;<\/p>\n\n\n\n<p>\ud83d\udd39 <strong>Example<\/strong>:&nbsp;If the limit for Nifty options is 1,000 contracts, the exchange will check your positions multiple times during the day. If your positions exceed this limit, you&#8217;ll need to bring them back within the limit or face penalties&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-833a178438f617cfd05f64476e1eb520\" id=\"summary-of-key-changes\" style=\"color:#176897\"><strong>Summary of Key Changes<\/strong>&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>Measure&nbsp;<\/strong>&nbsp;<\/mark><\/th><th><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>Effective Date&nbsp;<\/strong>&nbsp;<\/mark><\/th><th><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\"><strong>Impact on Traders&nbsp;<\/strong>&nbsp;<\/mark><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Revised Contract Size for Index Derivatives<\/strong>&nbsp;&nbsp;<\/td><td>November 20, 2024&nbsp;&nbsp;<\/td><td>Contract value increased to at least \u20b915 lakhs from February 2025 expiry onwards for monthly and from January 2025 1<sup>st<\/sup> week onwards for weekly contracts&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong><strong>Limiting Weekly Expiry Contracts<\/strong>&nbsp;<\/strong>&nbsp;&nbsp;<\/td><td>November 20, 2024&nbsp;&nbsp;<\/td><td>Only 1 Index for weekly expiry from NSE and BSE. &nbsp;NIFTY weekly will expiry every Thursday and Sensex weekly will expire every Friday&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Increased Tail Risk Coverage on Expiry Day<\/strong>&nbsp;&nbsp;<\/td><td>November 20, 2024&nbsp;&nbsp;<\/td><td>Additional 2% margin required for short options on expiry day.&nbsp;&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Upfront Collection of Options Premium<\/strong>&nbsp;&nbsp;<\/td><td>February 1, 2025&nbsp;&nbsp;<\/td><td>Full premium required at the time of trade.&nbsp;&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Removal of Calendar Spread on Expiry Day<\/strong>&nbsp;&nbsp;<\/td><td>February 1, 2025&nbsp;&nbsp;<\/td><td>No margin benefit for spreads involving expiring contracts.&nbsp;&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Intraday Monitoring of Position Limits<\/strong>&nbsp;&nbsp;<\/td><td>April 1, 2025&nbsp;&nbsp;<\/td><td>Position limits will be monitored throughout the trading day.&nbsp;&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-0b11b8f22422d2ea391a785931935048\" id=\"impact-on-traders-and-examples\" style=\"color:#176897\"><strong>Impact on Traders and Examples<\/strong>&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-168eb795ee636c1264ee75e8b665e233\" id=\"1-reduced-leverage-for-option-buyers\" style=\"color:#ec4d37\"><strong>1. Reduced Leverage for Option Buyers<\/strong>&nbsp;<\/h3>\n\n\n\n<p>With the requirement to pay <strong>full premium upfront<\/strong>, traders will need more capital to take positions. This move limits excessive leverage and ensures better risk management.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-43714e0fc8a1689b508f366260735894\" id=\"2-higher-margins-on-expiry-days\" style=\"color:#ec4d37\"><strong>2. Higher Margins on Expiry Days<\/strong>&nbsp;<\/h3>\n\n\n\n<p>On expiry days, traders will need to maintain <strong>higher margins<\/strong> as the <strong>calendar spread benefit<\/strong> is removed and additional <strong>tail risk coverage<\/strong> is introduced. This will require careful capital management to avoid margin calls.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-11f56f438f3767f6e5c5726d354282e7\" id=\"3-adjusted-contract-sizes\" style=\"color:#ec4d37\"><strong>3. Adjusted Contract Sizes<\/strong>&nbsp;<\/h3>\n\n\n\n<p>With Nifty trading at <strong>25,000<\/strong> and the contract size increasing to <strong>\u20b915 lakhs<\/strong>, the number of contracts in each lot will increase to 60 (from lower levels), making it more capital-intensive for small traders to trade index derivatives.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-7a1310684b6a428621d89d4794b0fcb2\" id=\"4-reduced-speculative-trading-on-expiry\" style=\"color:#ec4d37\"><strong>4. Reduced Speculative Trading on Expiry<\/strong>&nbsp;<\/h3>\n\n\n\n<p>By offering <strong>only one weekly expiry index per exchange<\/strong>, SEBI aims to reduce speculation. With <strong>BSE choosing the Sensex (82,000)<\/strong> for weekly expiries, traders will need to adjust their strategies and focus on one index at a time.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-260fdfb21e99c1e6e48e0cab099f9550\" id=\"how-to-adapt-to-these-changes\" style=\"color:#176897\"><strong>How to Adapt to These Changes<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>To stay ahead of these new rules, traders should:&nbsp;<\/strong><\/p>\n\n\n\n<p>\ud83d\udd38 Plan ahead for expiry days, ensuring sufficient capital to cover increased margins.&nbsp;<\/p>\n\n\n\n<p>\ud83d\udd38 Monitor <strong>position limits<\/strong> throughout the trading day to avoid penalties.&nbsp;<\/p>\n\n\n\n<p>\ud83d\udd38 Adjust to the new <strong>contract sizes<\/strong> by trading more strategically or reducing position sizes.&nbsp;<\/p>\n\n\n\n<p>\ud83d\udd38 Focus on <strong>Nifty weekly options on NSE<\/strong> and <strong>Sensex weekly options on BSE<\/strong> for expiration trades.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-3377036efebeb418890861cde599a643\" id=\"conclusion\" style=\"color:#176897\"><strong>Conclusion<\/strong>&nbsp;<\/h2>\n\n\n\n<p>SEBI\u2019s new regulations aim to make the index derivatives market <strong>safer and more stable<\/strong> by addressing excessive leverage, tightening margins, and reducing speculative volatility on expiry days. Traders will need to be more strategic in managing their positions, ensuring they have enough capital to meet the new margin requirements, and carefully selecting the right contracts.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/open.navia.co.in\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"149\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2-1024x149.png\" alt=\"Index derivatives \" class=\"wp-image-4299\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2-1024x149.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2-300x44.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2-150x22.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2-768x112.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Open-Free-Demat-Account-2.png 1028w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>With the changes coming into effect from <strong>November 20, 2024<\/strong>, now is the time to start adjusting your strategies and preparing for the new trading landscape.&nbsp;<\/p>\n\n\n\n<p>By staying informed and adapting to these new rules, traders can continue to participate effectively in the derivatives market while navigating the tighter regulations.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-ad2f72ca wp-block-group-is-layout-flex\">\n<p>We&#8217;d Love to Hear from you<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/form.typeform.com\/to\/bpQ8ZlDc\" style=\"border-radius:9px;background-color:#256c95\"><strong>Share a Feedback<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We had on 28th August 2024 published a Blog titled \u201cSEBI\u2019s Consultation Paper on Index Derivatives Framework\u201d which talked about the proposed measures SEBI is considering to restrict retail trading in Options&nbsp; On October 1, 2024, SEBI released a \u202fcircular \u202fthat changes a few things for index derivatives. Here\u2019s a breakdown of all the changes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[11,275,7,21,224,8,32],"class_list":["post-6020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-financial-goals","tag-index-derivatives","tag-indian-stock-markets","tag-investments","tag-navia-app","tag-sebi","tag-wealth-creation"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/10\/SEBI-new-Rule.png","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/6020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=6020"}],"version-history":[{"count":15,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/6020\/revisions"}],"predecessor-version":[{"id":8377,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/6020\/revisions\/8377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/6041"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=6020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=6020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=6020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}