Business · Markets · 1 day ago
SEBI expects derivative expiry-price guidelines within a week
India’s markets regulator, SEBI, expects to issue guidelines within about a week on how to set prices for derivatives when they expire.
The work follows a review of the Closing Auction Session, a process used to determine closing prices.
SEBI proposed changes after concerns arose about how the auction process could affect derivative settlement prices.
The regulator invited public comments and is now examining the feedback.
The rules matter because settlement prices affect how derivative contracts are completed.
SEBI says the wider review aims to improve market efficiency, while other proposals address simpler rules and lower compliance costs.
The regulator has not yet given the new guidelines, but says they are expected within about a week.
SEBI expects to issue guidelines within about a week on how to determine derivative settlement prices on expiry days.
Chairman Tuhin Kanta Pandey said the regulator is examining comments on a consultation paper following its review of the Closing Auction Session.
SEBI received around 20,000 comments on the paper by 7 pm on October 3, 2026.
The proposals address concerns about expiry-day settlement prices and aspects of the Closing Auction Session.
SEBI is also pursuing regulatory simplification, easier market access and stronger technological resilience.
- Who
- SEBI, led by chairman Tuhin Kanta Pandey.
- What
- SEBI expects to issue guidelines on determining derivative settlement prices on expiry days.
- When
- Within about a week, Pandey said on October 10, 2026.
- Where
- India; Pandey made the remarks at an event organised by the BSE Brokers’ Forum in Mumbai.
- Why
- The guidelines follow a review of the Closing Auction Session and address concerns about derivative settlement prices on expiry days.
This story does not have two clearly opposing sides.
We are currently examining the comments and hope to issue guidelines in about a week's time
One size need not fit all
SEBI proposed changes to the Closing Auction Session framework and the methodology for determining expiry-day derivative settlement prices.
The deadline for public comments on the consultation paper passed; SEBI had received around 20,000 comments by 7 pm.
Pandey said SEBI was examining the comments and hoped to issue guidelines in about a week.
SEBI is targeting implementation of proposed changes to rules and clearing arrangements.
- Expected guidelines
- Within about a week
- Regulator
- Securities and Exchange Board of India (SEBI)
- Chairman
- Tuhin Kanta Pandey
- Comments received
- Around 20,000 by 7 pm on October 3, 2026
- Implementation target
- End of November 2026
Sources
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