23 hrs ago
SEBI Reviews CAS Feedback After Comment Count Rises to 20,000
SEBI is reviewing rules for a process that helps set market closing prices.
It asked people to comment on the process and on related trading and derivatives rules.
Reports first said SEBI had received more than 3,500 comments.
A later report said the number was 20,000, and SEBI said the 3,500 figure was from a few days earlier.
SEBI Chairman Tuhin Kanta Pandey said the regulator would review the comments quickly.
He indicated that a circular could come soon, but no date was given.
He also spoke about helping corporate bond markets grow.
SEBI and the Reserve Bank of India are working on ways to make market access easier for overseas investors.
SEBI received more than 3,500 comments on its proposed review of the Closing Auction Session and related market rules.
A later report said the total had reached 20,000; SEBI said the 3,500 figure had been reported a few days earlier.
Chairman Tuhin Kanta Pandey said SEBI would quickly examine the submissions and indicated a circular could follow soon.
The consultation covered the Closing Auction Session, market timings and settlement methods for derivative contracts.
Pandey also discussed corporate bond derivatives and SEBI’s work with the Reserve Bank of India to ease foreign portfolio investor access.
- Who
- The Securities and Exchange Board of India (SEBI), its Chairman Tuhin Kanta Pandey, and people who submitted comments.
- What
- SEBI is reviewing feedback on proposed changes to the Closing Auction Session and related market rules.
- Where
- The proposals concern Indian securities markets; Pandey spoke at an event organised by the Commodity & Capital Market Participants Association of India.
- When
- The consultation deadline was October 3, 2026; Pandey spoke on Saturday, the deadline.
- Why
- SEBI said the review addresses concerns about the Closing Auction Session and its potential effect on derivatives settlement prices.
Earlier reported figure
Later reported figure
Number of consultation comments
Earlier reported figure
Earlier reports said SEBI had received more than 3,500 comments.
Later reported figure
A later report said the total was 20,000; SEBI said the 3,500 figure had been reported a few days earlier.
Key facts
- Reported comment totals
- More than 3,500 in earlier reports; a later report put the total at 20,000.
- SEBI clarification
- SEBI said the 3,500 figure had been reported a few days earlier.
- Consultation deadline
- October 3, 2026.
- Consultation topics
- Closing Auction Session, market timings and settlement methodologies for derivative contracts.
- Next step
- Pandey said SEBI would examine the responses quickly and indicated a circular could follow soon; no date was specified.
- CAS purpose
- Determines closing prices through an auction process.
- Other subjects discussed
- Corporate bond derivatives and measures to ease foreign portfolio investor access.
Quotes
Tuhin Kanta Pandey
Chairman of the Securities and Exchange Board of India
“Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear.”
livemint.com
businesstoday.in
thehindubusinessline.com
“Bond indices and derivatives will be, I would think, a major milestone going forward.”
livemint.com
businesstoday.in
Sources
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