Modification in Daily Price Limits (DPL) for Commodity Futures Contracts

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..... mmodity Futures Contracts 1. SEBI vide Circular No. SEBI/HO/CDMRD/DNPMP/CIR/P/2021/9 dated January 11, 2021 has revised the norms for Daily Price Limit (DPL) for commodity futures contracts. 2. The exchanges have informed that closing price on domestic exchange differs from closing price on international exchange/s (after necessary currency conversion), because of difference in methodology of c .....

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..... vant details and justification for the same." 4. Further, to maintain parity between Para 7.4 and Para 7.5 of the instant SEBI Circular, Para 7.5 is substituted with the following: "7.5 Only in the event of exceptional circumstances, where there is extreme price movement, beyond the initial slab of the DPL, in the international markets, during trading hours or after the closure of trading on d .....

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..... 9 dated January 11, 2021 shall remain the same. 9. This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 10. The Circular is issued with the approval of the competent authority. 11. This .....

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