Description
NSE extends the Liquidity Enhancement Scheme on Silver (30 kgs) Options on Goods contracts for 3 months until November 26, 2025.
Summary
NSE has extended the Liquidity Enhancement Scheme (LES) on Silver (30 kgs) Options on Goods contracts for an additional 3-month period. The scheme will now remain effective until November 26, 2025.
Key Points
- LES on Silver Options extended for 3 months
- New expiry date: November 26, 2025
- All existing provisions from previous circulars remain applicable
- NSE reserves right to amend or discontinue with 15 days advance notice
Regulatory Changes
No new regulatory changes - this is purely an extension of the existing scheme with all previous terms and conditions remaining unchanged.
Compliance Requirements
- All members must continue to comply with existing LES provisions
- No additional compliance requirements introduced
- Members should refer to previous circulars for detailed scheme provisions
Important Dates
- Effective Date: August 04, 2025
- Scheme Expiry: November 26, 2025
- Notice Period: 15 days advance notice required for any amendments
Impact Assessment
The extension provides continued liquidity support for silver options trading, maintaining market stability and trading opportunities for participants. The 3-month extension allows for sustained market participation without disruption to existing trading strategies.
Impact Justification
Routine extension of existing trading scheme affecting silver options liquidity