Dear Colleagues,
SEBI vide its circular dated 29th July, 2025 in order to enhance operational efficiency and ease of investing for Non-Resident Indians (NRIs), SEBI has removed the mandatory requirement for NRIs to notify Clearing Members and obtain Custodial Participant (CP) codes for trading in exchange-traded derivatives. Going forward, Exchanges and Clearing Corporations will monitor NRI position limits in the same manner as client-level limits, without requiring CP codes. Exchanges must update their rules and systems within 30 days and provide existing NRI clients a 90-day window to opt out of CP codes via email. The move aims to simplify processes and reduce compliance burdens for NRIs.
