Sebi to soon issue framework on Closing Auction Session; receives over 3,500 comments

What happened: Sebi will soon issue its framework on the Closing Auction Session after receiving over 3,500 comments on its consultation paper covering CAS, market timings and settlement methodology for derivative contracts. Key numbers: Over 3,500 comments received. Comment deadline was October 3. Why it matters: Sebi official Pandey said the proposals are clear and the regulator will quickly review the responses and move ahead, so the final circular is expected without much delay.

Sebi will soon issue its framework on the Closing Auction Session after receiving over 3,500 comments on its consultation paper covering CAS, market timings and settlement methodology for derivative contracts.

Sebi official Pandey said the proposals are clear and the regulator will quickly review the responses and move ahead, so the final circular is expected without much delay.