Eligibility Criteria for Selection of Underlying Commodity Futures for Options on Commodity Futures
Summary
SEBI repeals the eligibility criterion requiring underlying commodity futures to be among the top five by trading turnover for options. The remaining provisions of the earlier circular SEBI/HO/CDMRD/DMP/CIR/P/2017/55 dated June 13, 2017, continue to prevail. Stock exchanges are directed to amend their bye-laws and communicate implementation status to SEBI.
Text
The abovementioned provision stands repealed. The other provisions of circular SEBI/HO/CDMRD/DMP/CIR/P/2017/55 dated June 13, 2017 shall continue to prevail.
The provisions of this circular shall be effective from the date of this circular.
This circular is issued in exercise of 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.
to make necessary amendments to the relevant bye-laws, rules and regulations.
bring the provisions of this circular to the notice of the stock brokers of the Exchange and also to disseminate the same on their website.
communicate to SEBI, the status of the implementation of the provisions of this circular
Source: SecMarx — Eligibility Criteria for Selection of Underlying Commodity Futures for Options on Commodity Futures. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.