SEBI wide Circular no. CIR/MRD/DP/14/2014 dated April 23, 2014 issued revised guidelines for Liquidity Enhancement Scheme in the Equity Cash & Equity Derivatives Segment.
In view of the above, Trading Members are hereby informed that the Exchange shall be launching the Liquidity Enhancement Scheme (LES) on Monthly Single Stock Options and Index options of equity derivative segment with effect from September 01, 2018.
The details of the LES programme are attached as Annexure.
The Exchange shall monitor performance of the programme including presence of market makers and their compliance with the quote obligations through a mix of online and offline monitoring tools. The Exchange shall publish information on the programme from time to time.
LES on Stock Options and Index options programme shall remain in force as per tenure mentioned in SEBI Circular no.CIR/MRD/DP/14/2014 dated April 23, 2014.
For any further clarifications, Trading member are requested to contact their designated Relationship Managers.
For and on behalf of BSE Limited,
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Ketan Jantre
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Sameer Vaze
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Sr. GM-Trading Operations
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Sr.Manager-Trading Operations
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