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SEBI
Securities & Exchange Board28 days ago1 min read
Norms for Base Price, Price Bands, Call Auction in pre-open session and Close-out procedure for Exchange Traded Funds (ETFs)
SEBI issues norms for base price, price bands, call auction during the pre-open session, and close-out procedures for ETFs.
Key points
- Defined base price for ETFs
- Set price bands for pre-open session trades
- Introduced call auction in the pre-open session
- Specified close-out procedures
Impact analysis
- Affects market participants involved in trading ETFs by providing specific guidelines on pricing and trading mechanisms.
Who should care
Investors · Exchange Traders · ETF Issuers
Affected industries
Financial Services · Investment Management