Adjustment in derivative contracts for dividend announcements

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....ements SEBI, vide Circulars SMDRP/DC/CIR-8/01 dated June 21, 2001, SMDRP/DC/CIR-15/02 dated December 18, 2002 and CIR/MRD/DoP-1/P/00108/2018 dated July 05, 2018, has inter-alia, laid down a framework for adjustment in derivative contracts (single stock options and futures) post dividend announcements. 2. SEBI has been receiving representations from various stakeholders requesting to review t....

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....me into effect from June 29, 2022. 7. Stock Exchanges and Clearing Corporations are directed to: a) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; b) bring the provisions of this circular to the notice of their members and also disseminate the same on their website....