Under existing framework, agricultural commodities are classified as “Broad”, “Narrow”, or “Sensitive” commodities based on deliverable supply, monetary value, and susceptibility to government intervention or price manipulation. Present client level open position limits are fixed at 1% of deliverable supply for broad commodities, 0.5% for narrow commodities, and 0.25% for sensitive commodities. The proposed revised limits are 2% for broad commodities, 1% for narrow commodities, and 0.5% for sensitive commodities. SEBI also proposed changing the definition of “Broad Commodity” by replacing the word “and” with “or”, so that a commodity may qualify as broad if it satisfies either the quantitative deliverable supply criterion of at least 10 lakh metric tons or the monetary threshold of Rs 5,000 crore. The feedback/comments from stakeholders are invited.