Uniform trading and delivery lot sizes required for commodity derivatives, with exceptions subject to regulator approval and safeguards. SEBI mandates uniform trading and delivery lot size for commodity derivatives contracts to prevent participant disadvantage or impediment to physical delivery; exceptions require exchanges to submit detailed rationale, stakeholder feedback and protective mechanisms for regulator approval. Exchanges must align existing contracts or propose exemptions within the prescribed timeframe, amend bye-laws and rules, notify brokers, publish the circular on their websites and report implementation status to the regulator under its statutory powers to protect investors and regulate the market.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Uniform trading and delivery lot sizes required for commodity derivatives, with exceptions subject to regulator approval and safeguards.
SEBI mandates uniform trading and delivery lot size for commodity derivatives contracts to prevent participant disadvantage or impediment to physical delivery; exceptions require exchanges to submit detailed rationale, stakeholder feedback and protective mechanisms for regulator approval. Exchanges must align existing contracts or propose exemptions within the prescribed timeframe, amend bye-laws and rules, notify brokers, publish the circular on their websites and report implementation status to the regulator under its statutory powers to protect investors and regulate the market.
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