NRIs, at present, were required to inform exchanges about their clearing members, and exchanges would assign a unique Custodial Participant (CP) Code for monitoring. Now, exchanges and clearing corporations will monitor NRI position limits, without a CP code in the same way they monitor client-level position limits, which remain consistent with specified limits. Stock exchanges and clearing corporations must update their rules and operational procedures within 30 days and allow existing NRI clients to exit the CP code system via email request within 90 days.