Expiry Date for Equity Derivative Contracts
Summary
SEBI advises stock exchanges to ensure no changes in contract specifications or risk management frameworks when setting expiry dates for equity derivative contracts. This decision follows recommendations from the Secondary Market Advisory Committee and allows flexibility to exchanges. The circular is issued under Section 11(1) of the SEBI Act, 1992, read with Section 10 of the SCRA, 1956.
Text
allow flexibility to the Stock Exchanges to set the expiry date / day for equity derivative contracts
ensure that there is no change in the contract specifications or the risk management framework and the integrity of the market is not affected in any manner
Source: SecMarx — Expiry Date for Equity Derivative Contracts. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.