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Sebi directs commexes to bring transparency in price polling

The regulator has asked exchanges to disclose selection criteria of these polling participants

Dilip Kumar Jha  |  Mumbai 

The Securities and Exchange Board of India (Sebi) has tightened the loopholes in the existing spot price polling systems of agri commodities to bring transparency into the system and fix accountability on the exchange or the panellist, effective September 29.

The price polling assumes significance, as the same is used for settlement of contract on the expiry of the respective commodities. The regulator on Friday has asked exchanges to lay down a documented policy for the spot price polling mechanism and display it on its website along with the names and other details of the ...

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First Published: Sat, September 03 2016. 00:25 IST