Small BusinessSebi sets timeline for sharing information
In a move to streamline operations related to marketwide position limits (MWPL) of derivatives contracts, the Securities and Exchange Board of India (Sebi) has fixed a timeline for exchanges to disseminate information on individual securities.
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The step has been taken according to the recommendations of the secondary market advisory committee of the regulator. On a trading day, by 6:30 pm, each exchange would have to disseminate the international securities identification number (ISIN), the name and the symbol of the security, said Sebi. At the same time, exchanges will have to disseminate the MWPL of securities in terms of the number of shares and the open interest in them.
After aggregating across exchanges, by 7 pm on the trading day, the information will have to be disseminated.