Employee bid cut-off rule revised: bids placed on T+1 must use the T-day cut-off, allotment based on T-day price. Employees participating in exchange-based OFS shall place bids on T+1 day at the cut-off price of T day, and the allotment price will be based on the T-day cut-off price, subject to any discount. All other provisions of the prior OFS framework remain unchanged. Market Infrastructure Institutions must update systems, amend bye-laws where necessary, notify market participants, and implement the change within the prescribed implementation period.
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Employee bid cut-off rule revised: bids placed on T+1 must use the T-day cut-off, allotment based on T-day price.
Employees participating in exchange-based OFS shall place bids on T+1 day at the cut-off price of T day, and the allotment price will be based on the T-day cut-off price, subject to any discount. All other provisions of the prior OFS framework remain unchanged. Market Infrastructure Institutions must update systems, amend bye-laws where necessary, notify market participants, and implement the change within the prescribed implementation period.
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