Sebi on Thursday relaxed the advance intimation requirement for exchanges for carrying out modifications in the contract specifications of commodity derivatives contracts. The move is aimed at bringing in uniformity while giving effect to the contract modifications so that they have the desired impact and the modified contract represents a healthy replica of the physical market, Sebi said in a circular. ''It has been decided, in consultation with the stock exchanges, to reduce the number of days of advance intimation for all the three categories i.e. Category A, Category B and Category C, to 10 days,'' the regulator said. Based on their materiality, the contract modifications are divided int
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