{"data": {"schema": "publicfeed.update.v1", "id": "SEBIL-2d63b6e9309ae931f0b7", "url": "https://publicfeed.in/orders/SEBIL-2d63b6e9309ae931f0b7", "headline": "Revised position limits and penalties for commodity derivatives", "summary": "The Securities and Exchange Board of India (SEBI) has issued a circular on 9 September 2026, modifying position limits and penalty rules for the commodity derivatives segment. The changes include revised monetary penalties for client-level position limit violations and a new definition for 'Broad Commodity'. Additionally, client-level numeric position limits are now calculated based on the annual deliverable supply for different commodity categories. These changes are intended to facilitate ease of doing business and protect investor interests.", "key_points": ["Monetary penalties for violations are linked to the value of the violation", "Violations exceeding 2% of limits face penalties up to Rs. 2,00,000", "Violations up to 2% of limits face penalties up to Rs. 10,000", "Broad Commodity definition updated based on deliverable supply or value", "Position limits: Broad (2%), Narrow (1%), and Sensitive (0.5%) of deliverable supply"], "issued_date": "2026-09-09", "listing_date": "2026-09-09", "document": {"form": "CIRCULAR", "number": "HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026", "type": "Circulars", "legal_character": "executive_administrative_instruction", "functions": ["directs_procedure", "creates_norms"], "cites": []}, "issuer": "Securities and Exchange Board of India", "department": null, "source": {"key": "sebi_legal", "name": "Securities and Exchange Board of India", "site": "www.sebi.gov.in", "official_url": "https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1788952299552.PDF"}, "topics": ["commodity derivatives", "position limits", "penalties"], "reader_topics": ["Government services"], "intent": "changes", "states": [], "national": true, "places": [], "applies_to": ["concerned member"], "dates": [{"kind": "effective", "date": "2026-09-09", "wording": "with immediate effect", "what": null, "counts_from": null}], "revision": "5f31b6da645d04f9", "recorded_at": "2026-10-02T21:04:07.356861+00:00", "provenance": {"method": "ai_summary", "automated_check": "pass", "human_review": "pending"}}, "meta": {"schema": "publicfeed.update.v1", "count": 1, "next": null, "plan": "free", "feed_updated_at": "2026-10-24T09:54:59.429551+00:00", "generated_at": "2026-10-24T10:40:39+00:00"}, "attribution": "Data: PublicFeed (https://publicfeed.in), summarising official documents linked in each record. Summaries are AI-generated and not legal advice; the official original is the authority.", "license": "https://publicfeed.in/terms#data-licence"}