Over 3,500 responses on CAS: Sebi to quickly move ahead with proposals
Sebi chairman Tuhin Kanta Pandey announced that the regulator will quickly finalize changes to the Closing Auction Session (CAS) mechanism. The decision follows a consultation process that yielded over 3,500 responses regarding market timings and derivative settlement methodologies.
Why it matters
Efficient market regulation is critical for maintaining investor confidence and ensuring the stability of India's financial derivatives and corporate bond markets.
Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings and the settlement methodology for derivative contracts. October 3 is the deadline for submitting comments.Pandey said that Sebi would quickly go through the responses and proceed with the proposals, indicating that the consultation process would not require an extended period of analysis."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," Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India).Asked specifically about the timeline for a circular, Pandey said, "Yes, it will be".The CAS review was proposed by Sebi…
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