{
  "id": 6898543,
  "title": "SEBI Proposes Changes To Closing Auction Session, Revises Derivatives Settlement Rules And Market Timings",
  "url": "https://urgent.news/2026/09/12/sebi-proposes-changes-to-closing-auction-session-revises-derivatives",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T08:21:12.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sebi-proposes-changes-to-closing-auction-session-revises-derivatives-settlement-rules-and-market-timings"
  },
  "original_language": "en",
  "account": null,
  "summary": "SEBI has proposed significant changes to the closing auction session (CAS) and derivatives settlement rules, aiming to revise trading timings and settlement methods. The regulator suggests two alternatives for calculating expiry settlement prices for index and stock derivatives, either using a blended volume-weighted average price (VWAP) from the final 30 minutes of regular trading and the 10-minute closing auction session, or solely from the last 30 minutes of continuous trading. SEBI also proposes removing the indicative index value (IIV) from the auction, as it could mislead investors. Additionally, the regulator has proposed shorter transition periods and revised order rules, including reducing the gap between continuous trading and CAS to nearly one minute, and allowing orders placed beyond 1% from the reference price to be modified rather than cancelled. These changes are part of SEBI's efforts to improve transparency and efficiency in the market, and the proposed modifications are open for public feedback until October 3, 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "India Regulator Proposes Changes to Closing Auction After Swings",
        "url": "https://urgent.news/2026/09/12/india-regulator-proposes-changes-to-closing-auction-after-swings",
        "published": "2026-09-12T06:55:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}