Sebi reviews 3,500+ comments on Closing Auction Session rules
In short
Sebi has received more than 3,500 comments on proposed changes to the Closing Auction Session, market timings and derivatives settlement. Chairman Tuhin Kanta Pandey said the regulator will examine the responses quickly and move ahead.
The source does not say what the final rules will be or when they will start. It only shows that a new circular or framework may be issued soon.
What the reporting says
Sebi is reviewing more than 3,500 comments on Closing Auction Session rules, market timings and derivatives settlement, according to multiple summaries. Tuhin Kanta Pandey said the regulator would quickly examine the responses and move ahead, and one report says a circular or framework is likely soon. The source does not state the final changes or when the new rules will take effect.
Why it matters
Sebi is moving forward on a consultation over the Closing Auction Session, market timings and derivatives settlement after receiving more than 3,500 comments. Pandey said the regulator will review the responses quickly, and the reports say a framework or circular is expected soon. The immediate market relevance is to trading mechanics and derivatives pricing; the final rule changes and implementation timing remain unspecified.