https://www.taxtmi.com/circulars?id=64640 The circular revises Daily Price Limits for commodity futures by fixing the base price as prior closing (with VWAP-based rules for first trading day), prescribing initial, enhanced and aggregate slab mechanics with a fifteen-minute cooling-off period after breaches, permitting staged or exceptional relaxations tied to international price movements with immediate reporting to SEBI's surveillance, detailing VWAP-based daily settlement calculations, allowing exchanges to impose narrower DPLs based on surveillance or liquidity, and requiring system, bye-law and disclosure changes prior to implementation. en-us Mon, 11 Jan 2021 00:00:00 +0530 Tue, 12 Jan 2021 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64640 The circular revises Daily Price Limits for commodity futures by fixing the base price as prior closing (with VWAP-based rules for first trading day), prescribing initial, enhanced and aggregate slab mechanics with a fifteen-minute cooling-off period after breaches, permitting staged or exceptional relaxations tied to international price movements with immediate reporting to SEBI's surveillance, detailing VWAP-based daily settlement calculations, allowing exchanges to impose narrower DPLs based on surveillance or liquidity, and requiring system, bye-law and disclosure changes prior to implementation. Circulars SEBI Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64640