SEBI changes the Exercise Mechanism of options contracts on commodity futures. Now ‘All In the Money’ option contracts shall be exercised automatically, unless ‘contrary instruction’ has been given. ‘All Out of the Money’ option contracts shall expire worthless. All exercised contracts within an option series shall be assigned to short positions in that series in a fair and non-preferential manner. The Circular will be effective from 01-02-2022.SEBI changes the Exercise Mechanism of options contracts on commodity futures. Now ‘All In the Money’ option contracts shall be exercised automatically, unless ‘contrary instruction’ has been given. ‘All Out of the Money’ option contracts shall expire worthless. All exercised contracts within an option series shall be assigned to short positions in that series in a fair and non-preferential manner. The Circular will be effective from 01-02-2022.taxmann.com Latest Statutory HappeningsRead More
