Source : moneycontrol
SEBI has received around 20,000 comments on its consultation paper around the Closing Auction Session (CAS), market timings and derivative settlement methodology.
That’s quite a jump from the roughly 3,500 responses reported a few days ago. It’s also more than three times the 6,000 responses SEBI received in 2024 on its consultation around curbing excessive F&O activity.
SEBI’s current consultation is looking at things like how derivative settlement prices should be calculated, market timings and some operational aspects of CAS.
One of the key questions is whether the settlement price should use a blended VWAP, combining the last 30 minutes of continuous trading with the 10-minute CAS, or whether SEBI should continue with the existing 30-minute VWAP for at least some more time.
Now let’s see what SEBI does with these 20,000 responses and how much of the feedback actually makes it into the final framework.