The Securities and Exchange Board of India, (SEBI) on April 23, 2024, issued a circular for Modification in Staggered Delivery Period in Commodity Futures Contracts.
SEBI vide ‘Master Circular for Commodity Derivatives Segment’ dated August 04, 2023, has issued various requirements for stock exchanges and clearing corporations for compliance in the commodity derivatives segment. Chapter 11 of the aforementioned Master Circular deals with Delivery and Settlement.
Based on representations received from market participants and deliberations by the Commodity Derivatives Advisory Committee (CDAC) of SEBI, paragraph 11.1.3 of the aforementioned Master Circular on Minimum duration of staggered delivery stands revised as follows and other conditions remain the same:
“11.1.3. The minimum duration of the staggered delivery period shall be at least three working days.”
The circular shall be effective from July 01, 2024, i.e., for contracts where staggered delivery is scheduled after this date.
[Notification No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/57]
