Consider the following statements regarding recent SEBI norms for futures and options (F&O) trading:
- The contract size for index derivatives has been increased from ₹5-10 lakh to ₹15-20 lakh, effective from November 20, 2024.
- Intraday monitoring of position limits will begin from April 1, 2025, where brokers' positions will be checked four times daily.
- Upfront collection of option premiums from buyers is mandatory starting July 1, 2025.
Which of the statements given above is/are correct?
1
Only 1
2
Only 1 and 2
3
Only 2 and 3
4
Only 1 and 3
5
All of the above