https://www.taxtmi.com/circulars?id=70288 Norms are prescribed for ETFs on base price determination, dynamic or fixed price bands, pre-open call auction for commodity ETFs, and close-out procedure. The base price is initially linked to T-1 day closing price based on the last 30 minutes of VWAP, with fallback to last traded price or closing NAV, and is to be adjusted for corporate actions. Dynamic bands apply to equity, debt and commodity ETFs with specified cooling-off and flexing mechanisms, while overnight and liquid ETFs retain a fixed 5% band. Close-out rules and pre-open call auction provisions are also specified, and the circular operates from 1 September 2026. en-us Mon, 15 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70288 Norms are prescribed for ETFs on base price determination, dynamic or fixed price bands, pre-open call auction for commodity ETFs, and close-out procedure. The base price is initially linked to T-1 day closing price based on the last 30 minutes of VWAP, with fallback to last traded price or closing NAV, and is to be adjusted for corporate actions. Dynamic bands apply to equity, debt and commodity ETFs with specified cooling-off and flexing mechanisms, while overnight and liquid ETFs retain a fixed 5% band. Close-out rules and pre-open call auction provisions are also specified, and the circular operates from 1 September 2026. Circulars SEBI Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70288