NSE updates 2-8 November 2026: USD 5m FX limit, closing auction

Clients and FPIs may hold INR currency derivative positions up to USD 5 million across exchanges without underlying exposure; clearing members must report clients above that with an AD-1 bank letter on NMASS.

• Record 1: Revision of limits relating to requirement of underlying exposure for currency derivatives contracts
• Record 2: Update on Mechanism for Reporting - Currency derivative contracts involving INR

NSE issued revised Closing Auction Session (CAS 2.0) guidelines for the equity cash segment and matching equity derivatives changes, applicable from 7 December 2026.

• Record 1: Revised Operational guideline and Trading modalities of Closing Auction Session (CAS) in the Equity Cash segment
• Record 2: Changes in operational guidelines and trading modalities in the Equity Derivatives segment on account of review of certain aspects for Closing Auction Session (CAS) in equity cash segment

NSE Clearing set tender offer interoperability with early pay-in before bids from 27 November 2026, moved custodian non-settlement payments to T+1, framed mutual fund net funds settlement and added after-hours short allocation reports.

• Record 1: Guidelines on Interoperability among Clearing Corporations for Tender Offer (OTB).
• Record 2: Migration of Non-Settlement Related Payments from Custodians to Trading Members in the Cash Market Segment from T+2 to T+1 Settlement Cycle
• Record 3: Framework for net settlement of funds for transactions undertaken by mutual fund schemes in cash market

NSE carried SEBI's digital KYC for non-resident individuals in FATF-compliant countries, extended Project Jagrook messages to 31 December 2026, required a one-hour mock test for NNF software registration and empanelled an algo provider.

• Record 1: Review of Know Your Client process for Individual Person Resident Outside India clients
• Record 2: Extension of Display Period for Investor Awareness Messages under Project Jagrook
• Record 3: Revision in formats for registration of Non - Neat Frontend (NNF) software documents and other important updates

Surveillance lists moved securities into ST-ASM at 50% and 100% margin, long-term ASM and ESM at 100% margin with trade-for-trade, and high-encumbrance at 35% margin; GSM stages were relaxed from 8 November.

• Record 1: Applicability of Short-Term Additional Surveillance Measure (ST-ASM)
• Record 2: Applicability of Short-Term Additional Surveillance Measure (ST-ASM)
• Record 3: Applicability of Additional Surveillance Measure (ASM)

Ola Electric partly paid shares and new T-bills and SDLs list from 6 November, F&O on Acutaas Chemicals and Apar Industries starts 25 November, and Melstar resumed trading on 4 November.

• Record 1: Listing of Partly Paid up Equity Shares allotted on Rights Basis of Ola Electric Mobility Limited
• Record 2: Listing of Treasury Bills (T-bills) and State Development Loans (SDLs) on capital market segment
• Record 3: Introduction of Futures & Options Contracts on Two Individual Securities

December 2026 settlement calendars came out for all segments, Muhurat trades of 8 November settle on 9 November, and mock sessions ran across segments on 7 November.

• Record 1: Settlement calendar for December 2026 - Capital Market Segment of T+1 & T+0 settlement
• Record 2: F&O MONTHLY SETTLEMENT SCHEDULE FOR DECEMBER 2026
• Record 3: COMMODITY DERIVATIVES - SETTLEMENT SCHEDULE FOR DECEMBER 2026