TaxTMI 
TaxTMI 
Modifications in the contract specifications of commodity derivatives contracts
X X X X Extracts X X X X
X X X X Extracts X X X X
....cifications of commodity derivatives contracts 1. SEBI vide its circular ref. no. SEBI/HO/CDMRD/CIR/2016/88 dated September 20, 2016 had inter-alia prescribed at Para 3(c) provisions regarding permission to allow modifications in contract specifications at the exchange level. 2. In order to streamline the process and after consultation with the exchanges, it has been decided to categorise the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rious contract specification parameters as per the above stated categories along with the timelines for advance intimation of modification to SEBI and market participant is given at Annexure I. 4. The permission to modify contract specification parameters of commodity derivatives contracts is subject to the condition that before introduction of any modification in contract specifications the Exc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....gulate the securities market. 8. This circular is available on SEBI website at www.sebi.gov.in under the category 'Circulars' and "Info for Commodity Derivatives". Yours faithfully, Priyanka Mahapatra Deputy General Manager Division of Products Commodity Derivatives Market Regulation Department +91-22-26449274 [email protected] Annexure I Categorisation of contract specificat....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ts which have nil open interest. These modifications shall require approval from Product Advisory Committee and approval of Regulatory Oversight Committee to be obtained post facto. * Last Trading Day /Due Date/Expiry Date # * Trading Unit * Price Quote (Basis) * Delivery Centre * Delivery Unit * Additional Delivery Centre(s) * Quality Specifications * Quantity Variation ....