Final Settlement Day (Expiry Day) for Equity Derivatives Contracts

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....India Act, 1992 ("SEBI Act") mandates SEBI to protect the interest of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit. One of the measures to achieve the aforesaid objective is through regulating the business in the stock exchanges. 2. Under the extant Regulatory provisions, stock exchanges can decide upon the exp....

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....terests of investors in securities and to promote the development of, and to regulate the securities market, following has been decided with regard to final settlement day / expiry day for equity derivatives contracts: 3.1. Expiries of all equity derivatives contracts of an exchange will be uniformly limited to either Tuesday or Thursday. 3.2. Every exchange will continue to be allowed one weekl....