Relief to traders as SEBI tweaks peak margin rules

New Delhi, May 11 SEBI has tweaked peak margin rules which will bring huge relief to traders and brokerage houses that have been incurring high margin penalties so far, experts said on Wednesday. Under the new norms, the beginning of...

Tribune Web Desk

Updated At : 02:24 PM May 12, 2022 IST

New Delhi, May 11

SEBI has tweaked peak margin rules which will bring huge relief to traders and brokerage houses that have been incurring high margin penalties so far, experts said on Wednesday.

Under the new norms, the beginning of the day margin will be considered as peak margin. This is only in respect of the collection of upfront margin. The peak margin rule that was implemented last year restricted brokers’ ability to fund clients’ intra-day positions. Besides, the margin requirements are changed up to five times intra-day based on the updated NSE SPAN files, Tejas Khoday, CEO, FYERS, said. — PTI

New framework

Under the new framework, the beginning of the day margin will be considered as peak margin. This is only in respect of the collection of upfront margin

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles