https://www.taxtmi.com/circulars?id=63186 Modification of contract specifications for commodity derivatives is categorised into three classes with distinct authorization and notice requirements: Category A permits non material changes at exchange level for launched and running contracts; Category B permits material changes at exchange level for yet to be launched contracts or running contracts with nil open interest subject to Product Advisory Committee deliberation and post facto Regulatory Oversight Committee approval; Category C requires Product Advisory Committee and Regulatory Oversight Committee deliberation followed by prior SEBI approval. Exchanges must notify SEBI and market participants of proposed modifications and reasons within specified timelines, except for exigent surveillance measures. en-us Thu, 14 Nov 2019 00:00:00 +0530 Sat, 16 Nov 2019 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63186 Modification of contract specifications for commodity derivatives is categorised into three classes with distinct authorization and notice requirements: Category A permits non material changes at exchange level for launched and running contracts; Category B permits material changes at exchange level for yet to be launched contracts or running contracts with nil open interest subject to Product Advisory Committee deliberation and post facto Regulatory Oversight Committee approval; Category C requires Product Advisory Committee and Regulatory Oversight Committee deliberation followed by prior SEBI approval. Exchanges must notify SEBI and market participants of proposed modifications and reasons within specified timelines, except for exigent surveillance measures. Circulars SEBI Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63186