https://www.taxtmi.com/circulars?id=58603 SEBI permits exchanges to offer cash or physical settlement for stock options and futures in any of four configurations, with phased introduction allowed but physical settlement required to be completed within six months. The settlement mechanism must be decided in consultation with Depositories. Physically settled expiries/exercises are subject to the cash segment risk management framework, and cash and derivative settlements remain separate. Exchanges must establish systems, amend bye-laws, notify market participants, publish details, and submit an implementation framework to SEBI; any change of settlement mode requires prior SEBI approval. en-us Thu, 15 Jul 2010 00:00:00 +0530 Mon, 24 Dec 2018 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58603 SEBI permits exchanges to offer cash or physical settlement for stock options and futures in any of four configurations, with phased introduction allowed but physical settlement required to be completed within six months. The settlement mechanism must be decided in consultation with Depositories. Physically settled expiries/exercises are subject to the cash segment risk management framework, and cash and derivative settlements remain separate. Exchanges must establish systems, amend bye-laws, notify market participants, publish details, and submit an implementation framework to SEBI; any change of settlement mode requires prior SEBI approval. Circulars SEBI Thu, 15 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58603