Description
NSE Clearing Limited revises Market Wide Position Limit (MWPL) and participant/client limits for V2RETAIL in the Securities Lending and Borrowing Scheme, effective March 27, 2026, with limits increased approximately 10x.
Summary
NSE Clearing Limited has revised the Market Wide Position Limit (MWPL) and associated participant, institutional client, and non-institutional client limits for the symbol V2RETAIL under the Securities Lending and Borrowing Scheme (SLBS). The revision is effective from March 27, 2026, and represents approximately a 10-fold increase across all limit categories.
Key Points
- MWPL for V2RETAIL increased from 1,770,886 shares to 17,708,865 shares
- Institutional client limit increased from 177,088 shares to 1,770,886 shares
- Participant limit increased from 177,088 shares to 1,770,886 shares
- Non-institutional client limit increased from 17,708 shares to 177,088 shares
- Revision issued under circular ref. 033/2026 (Download Ref No: NCL/CMPT/73472)
- Partial modification of circular NCL/CMPT/73070 dated February 27, 2026
Regulatory Changes
This circular partially modifies the earlier circular NCL/CMPT/73070 (February 27, 2026), which itself was issued in pursuance of circular NCL/CMPT/67763 (April 30, 2025). The revised limits reflect an approximately 10x upward revision across all position limit categories for V2RETAIL in the SLBS segment for March 2026.
Compliance Requirements
- All Participants and Custodians must take note of the revised limits
- Trading and lending/borrowing positions in V2RETAIL under SLBS must comply with the new limits effective March 27, 2026
- Participants are responsible for ensuring their clients (institutional and non-institutional) adhere to the updated limits
Important Dates
- Circular Date: March 25, 2026
- Effective Date: March 27, 2026 (new limits apply from this date)
- Period: March 2026
Impact Assessment
The 10x increase in position limits for V2RETAIL under SLBS significantly expands the capacity for securities lending and borrowing activity in this stock. Participants and clients previously constrained by the old limits will have substantially more room to engage in SLBS transactions. This may increase liquidity and activity in V2RETAIL within the SLBS framework. The impact is specific to SLBS participants and clients holding or seeking positions in V2RETAIL; broader market impact is limited to this segment.
Impact Justification
Significant 10x increase in position limits for V2RETAIL in SLBS affects participants, institutional and non-institutional clients trading this specific stock; limited broader market impact.