SEBI Updates Extension of implementation date of Circular on ‘Review of Margin Framework for Cash and Derivatives segments (except for Commodity Derivatives Segment)’

1 SEBI, vide Circular dated February 24, 2020, reviewed the margin framework for cash and derivatives segments (except for commodity derivatives segment). The provisions of this Circular were to come into effect from May 01, 2020. 
2 In view of the challenges arising out of COVID-19 pandemic and various other surveillance measures in place, it has been decided to extend the implementation date of the provisions of the aforesaid Circular to June 01, 2020. 
3 Stock Exchanges and Clearing Corporations are directed to: 
a) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; 
b) bring the provisions of this circular to the notice of their members and also disseminate the same on their websites; and 
c) communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Report.