Trading Hours on commodity derivatives standardized; exchanges must set hours within prescribed limits and adopt common holidays. SEBI prescribes that commodity derivatives exchanges permit trading Monday through Friday, fix trading hours within prescribed limits for distinct commodity categories with adjustments for international daylight saving, coordinate Muhurat Trading timing, maintain commensurate risk management and infrastructure for trading hours, and determine and notify trading holiday lists (jointly for national exchanges, individually for regional exchanges) within the Negotiable Instruments Act framework; national exchanges may permit evening trading of internationally referencable commodities on trading holidays when international markets are open.
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Provisions expressly mentioned in the judgment/order text.
Trading Hours on commodity derivatives standardized; exchanges must set hours within prescribed limits and adopt common holidays.
SEBI prescribes that commodity derivatives exchanges permit trading Monday through Friday, fix trading hours within prescribed limits for distinct commodity categories with adjustments for international daylight saving, coordinate Muhurat Trading timing, maintain commensurate risk management and infrastructure for trading hours, and determine and notify trading holiday lists (jointly for national exchanges, individually for regional exchanges) within the Negotiable Instruments Act framework; national exchanges may permit evening trading of internationally referencable commodities on trading holidays when international markets are open.
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