Description

ICCL specifies stock-wise Market Wide Position Limits (MWPL) and Position Limits for Clearing Members, Institutional Investors, and Clients under the SLB segment for May 2026.

Summary

Indian Clearing Corporation Ltd. (ICCL), acting as an approved intermediary under the Securities Lending Scheme, 1997, has issued the stock-wise Market Wide Position Limits (MWPL) and Position Limits applicable to Clearing Members (CMs), Institutional Investors, and Clients under the Securities Lending and Borrowing Scheme (SLBS) for the month of May 2026. The notice references the SEBI Circular No. MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007, as the foundational regulatory framework.

Key Points

  • ICCL has published stock-wise MWPL for the SLB segment applicable for May 2026.
  • Position limits are specified separately for Clearing Members (CMs), Institutional Investors, and individual Clients.
  • The detailed stock-wise limits are provided in Annexure I attached to the notice.
  • The circular is issued under the broad framework of SEBI Circular MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007.
  • Members requiring clarification may contact Mr. Neil Chakalakkal (022-22728811) or Mr. Sahil Shah (022-22728615) or email risk.monitoring@icclindia.com.

Regulatory Changes

No new regulatory changes are introduced. This is a routine monthly notification of position limits consistent with the existing SLBS framework established under SEBI Circular MRD/DoP/SE/Dep/Cir-14/2007 and subsequent ICCL notices.

Compliance Requirements

  • Clearing Members must ensure their positions and those of their clients in the SLB segment do not exceed the prescribed MWPL and individual position limits specified in Annexure I.
  • Institutional Investors and Clients are required to adhere to their respective position limits as detailed in the annexure.
  • Members should review the stock-wise limits in Annexure I to ensure ongoing compliance throughout May 2026.

Important Dates

  • Notice Date: May 1, 2026
  • Applicable Period: May 2026
  • Reference Circular: SEBI Circular MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007

Impact Assessment

This circular has a routine, medium-level operational impact on market participants engaged in the Securities Lending and Borrowing Scheme. Clearing Members, Institutional Investors, and Clients actively participating in SLBS must review and comply with the updated stock-wise position limits for May 2026. Non-compliance with MWPL could result in risk management actions by ICCL. The circular does not affect participants outside the SLBS segment.

Impact Justification

Routine monthly update of position limits for the SLB segment; operationally important for clearing members and institutional investors participating in SLBS but does not introduce new regulatory changes.