Modification in Staggered Delivery Period in Commodity Futures Contracts
Summary
SEBI has revised paragraph 11.1.3 of the Master Circular for Commodity Derivatives Segment to mandate a minimum staggered delivery period of three working days. This modification is effective from July 01, 2024, applying to contracts where staggered delivery is scheduled after this date. Stock Exchanges and Clearing Corporations are required to notify their members and disseminate these provisions on their websites.
Text
The minimum duration of 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.
The Stock Exchanges and Clearing Corporations are advised to bring the provisions of this circular to the notice of their members and also to disseminate the same on their website.
This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Modification in Staggered Delivery Period in Commodity Futures Contracts. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.