The Bombay Stock Exchange (BSE) on February 13, 2026, issued the notification regarding the Update on Pre-Trade Risk Control–Limit Price Protection in Equity Derivatives Segment.
The following has been stated namely: -
• The Exchange has revised the Limit Price Protection (LPP) framework for BSE SENSEX options, modifying earlier exchange notices.
• Change on Expiry Day:
o LPP remains 40% of Reference Price,
o Minimum absolute value reduced from ₹20 to ₹10,
o Applicable only on the expiry day (currently Thursday).
• Non-Expiry Days:
o Existing framework continues:
o 40% of Reference Price subject to minimum ₹20.
• The revised ₹10 minimum will apply to all SENSEX option contracts on the expiry day, irrespective of their individual expiry dates.
• The revised framework will be effective from March 12, 2026, with mock testing scheduled for March 7, 2026.
[Notification No. 20260213-39]
