SEBICU200418 - Taxpublishers.in

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The Tax Publishers Circular No. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2022/90, dt. 28-6-2022 Adjustment in derivative contracts for dividend announcements SEBI, vide Circulars SMDRP/DC/CIR-8/01 dt. 21-6-2001, SMDRP/DC/CIR-15/02 dt. 18-6-2002 and CIR/MRD/DoP-1/P/00108/2018 dt. 5-7-2018, has inter-alia, laid down a framework for adjustment in derivative contracts (single stock options and futures) post dividend announcements. 2. SEBI has been receiving representations from various stakeholders requesting to review the framework for adjustment in derivative contracts for dividend announcements. The suggestions were examined at the Secondary Market Advisory Committee (SMAC) of SEBI. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Circular No. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2022/90, dt. 28-6-2022

Adjustment in derivative contracts for dividend announcements

SEBI, vide Circulars SMDRP/DC/CIR-8/01 dt. 21-6-2001, SMDRP/DC/CIR-15/02 dt. 18-6-2002 and CIR/MRD/DoP-1/P/00108/2018 dt. 5-7-2018, has inter-alia, laid down a framework for adjustment in derivative contracts (single stock options and futures) post dividend announcements.

2. SEBI has been receiving representations from various stakeholders requesting to review the framework for adjustment in derivative contracts for dividend announcements. The suggestions were examined at the Secondary Market Advisory Committee (SMAC) of SEBI.