Description
NSE Clearing Limited revises Market Wide Position Limit (MWPL) and participant/client limits for METROPOLIS in the Securities Lending and Borrowing Scheme, effective March 23, 2026.
Summary
NSE Clearing Limited has revised the Market Wide Position Limit (MWPL) and the Participant, Institutional Client, and Non-Institutional Client limits for the symbol METROPOLIS under the Securities Lending and Borrowing Scheme (SLBS). The revised limits are effective from March 23, 2026, and represent a significant increase — approximately four times the previous limits.
Key Points
- Circular issued by NSE Clearing Limited under the Securities Lending & Borrowing Scheme department
- Partial modification of earlier circular NCL/CMPT/73070 dated February 27, 2026
- Original base circular: NCL/CMPT/67763 dated April 30, 2025
- MWPL for METROPOLIS increased from 2,647,611 shares to 10,590,446 shares
- Institutional client limit increased from 264,761 to 1,059,044 shares
- Participant limit increased from 264,761 to 1,059,044 shares
- Non-Institutional client limit increased from 26,476 to 105,904 shares
Regulatory Changes
The position limits under the SLBS for METROPOLIS have been revised as follows:
| Limit Type | Old Limit (Shares) | New Limit (Shares) |
|---|---|---|
| Market Wide Position Limit (MWPL) | 2,647,611 | 10,590,446 |
| Institutional Client Limit | 264,761 | 1,059,044 |
| Participant Limit | 264,761 | 1,059,044 |
| Non-Institutional Client Limit | 26,476 | 105,904 |
Compliance Requirements
- All Participants and Custodians are advised to take note of the revised limits
- Positions in METROPOLIS under SLBS must comply with the new limits effective March 23, 2026
- Participants should update their internal risk and position monitoring systems accordingly
Important Dates
- March 20, 2026: Circular issued
- March 23, 2026: Revised limits come into effect
Impact Assessment
The approximately four-fold increase in MWPL and associated limits for METROPOLIS suggests a significant rise in the free float or eligible shares available for lending and borrowing. Participants and clients active in SLBS for this stock will have considerably more headroom for positions. This is generally positive for market liquidity in the SLBS segment for METROPOLIS. Entities holding positions near the old limits should review their exposure and adjust strategies accordingly.
Impact Justification
Routine revision of position limits for a single stock in the SLBS segment; significant increase in MWPL (~4x) may affect participants and clients holding or planning positions in METROPOLIS.