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of <h1>SEBI Allows Stock Exchanges Flexibility in Setting Delivery Period for Interest Rate Futures in New Circular.</h1> SEBI has issued a circular allowing recognized stock exchanges to determine any period during the delivery month as the delivery period for deliverable grade securities in interest rate futures. This decision follows feedback from exchanges and is a continuation of a previous circular issued in August 2009. The circular is enacted under the authority of the Securities and Exchange Board of India Act, 1992, and the Securities Contracts (Regulation) Act, 1956, aiming to protect investor interests and promote and regulate the securities market. The circular is accessible on SEBI's website under the derivatives section.
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