Modifications in the contract specifications of commodity derivatives contracts

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....eamline the process and after consultation with the exchanges, it has been decided to categorise the modifications in contract specification parameters in the following three categories: a. Category A: Non-material modifications which can be made at the exchange level in yet to be launched and running contracts. b. Category B: Material modifications which can be made at the exchange level in yet to be launched contracts or running contracts 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. c. Category C: Material modifications which can be made only after approval from SEBI. These modifications shall requ....

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....r 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 specification parameters in commodity derivatives contracts Category Type of Modification Parameter Number of days of advance intimation to be given to SEBI and market participants Category A Non-material modifications which can be made at the exchange level in yet to be launched and running contracts • Symbol • Description • Contract Commencement Day(Y/L) • Quotation/Base value (Y/L) • Maximum Order Si....