Review of Advance Intimation timelines for modifications in the contract specifications of commodity derivative contracts

Last updated: 09 July 2021

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The Securities and Exchange Board of India (SEBI) has reviewed and updated the timelines for advance intimation regarding modifications to commodity derivative contract specifications. Previously, different categories of modifications had varying intimation periods. Now, all contract modifications, regardless of category (A, B, or C), will require a uniform advance intimation period of 10 days. This change aims to ensure uniformity and that modifications effectively reflect the physical market.

Securities and Exchange Board of India Circular No.: SEBI/HO/CDMRD_DoP/P/CIR/2021/592 Dated:July 08, 2021 The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir / Madam, Sub: Review of Advance Intimation timelin

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FAQ :

The main change is the reduction of the advance intimation period for modifications in commodity derivative contract specifications to 10 days for all categories (A, B, and C).

Previously, the advance intimation timelines were 10 days for Category A modifications and 30 days for Category B and C modifications.

All three categories of contract modifications – Category A, Category B, and Category C – are affected by this change.

The provisions of this circular are effective from the date of the circular, which is July 08, 2021.

No, other provisions of the SEBI circular dated November 14, 2019, shall continue to remain the same.