- Country: India
SEBI to partly reverse derivative settlement rules after pushback, sources say
SEBI told it had received 20,000 suggestions to tweak the rules in response to a consultation paper issued last month
SEBI told it had received 20,000 suggestions to tweak the rules in response to a consultation paper issued last month
Following the introduction of the Closing Auction Session (CAS) mechanism, the market regulator is reviewing issues related to determining derivatives settlement prices on expiry days.
Speaking at the Commodity and Capital Market Participants Association of India’s (CPAI) 12th International Convention here, Pandey said India requires markets that can efficiently mobilise capital, manage risk and inspire trust among investors.
In a significant announcement, Sebi chairman Tuhin Kanta Pandey revealed transformative changes to the Closing Auction Session mechanism. This initiative is driven by the feedback of over 3,500 participants who responded to the consultation paper. Apart from updating settlement prices for index and…