SEBI to keep Closing Auction Session but may change derivative settlement rules
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AI-generated summary of the coverage listed below: The Securities and Exchange Board of India (SEBI) plans to keep the Closing Auction Session (CAS) framework unchanged while proposing adjustments to how settlement prices for derivative contracts are calculated on expiry days. The consultation paper will be presented to the SEBI board on September 24 after market participants raised concerns. The changes aim to improve clarity and fairness in derivative pricing at settlement.
Covered by 4 outlets across the spectrum: 0% left, 75% center, 25% right.
Who is covering this story
- Center (2): Free Press Journal, The New Indian Express
- Right-leaning (1): Times Now
Sources
- Investor Statements May Get A Fresh Rulebook, SEBI Likely To Float CAS Consultation Paper: Report — Free Press Journal (center)
- CAS stays, but derivatives settlements may change: Sebi chief — The New Indian Express (center)
- SEBI proposes changes to closing auction, derivatives settlement — The New Indian Express (center)
- SEBI Rethinks F&O Expiry Rules: New VWAP-CAS Formula Proposed After Market Jitters — Times Now (right-leaning)