Capital markets regulator Sebi on Thursday came out with a framework pertaining to cut-off time for generation of last risk parameter file used for collecting margins from commodities traders.
Also, the regulator modified the framework prescribed for enabling verification of upfront collection of margins from clients in commodity derivatives segment.
The new framework will be effective from January 15, 2022, the Securities and Exchange Board of India (Sebi) said in a circular.
The regulator, in November 2019, had mandated that the cut-off time for the purpose of determining minimum threshold of margins to be collected by members from their clients will be 5 pm for commodity derivative contracts that are traded beyond banking hours.
This was done due to the limitations with availability of banking channels beyond 5 pm.
As both banking facilities -- RTGS and NEFT -- are functional round-the-clock on all days now, Sebi said its circular issued in November 2019 "stands withdrawn".