Circular regarding Review of Advance Intimation timelines for modifications in the contract specifications of commodity derivative contracts (dated -08.07.2021) – SEBI
View PdfCircular regarding Review of Advance Intimation timelines for modifications in the contract specifications of commodity derivative contracts (dated -08.07.2021) – SEBI
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- In order to bring in uniformity while giving effect to the contract modifications so that they have the desired impact and the modified contract represents a healthy replica of the physical market, it has been decided, in consultation with the Stock Exchanges, to reduce the number of days of advance intimation for all the three categories i.e. Category A, Category B and Category C, to 10 days.
- The other provisions of circular no. SEBI/HO/CDMRD/CIR/P/2019/135 dated November 14, 2019 shall continue to remain the same.
- The provisions of this circular has been effective from 08.07.2021.
- The Circular is issued in exercise of powers conferred under Section 11 (1) of Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
