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SEBI plans review of derivatives settlement pricing

31 sourcesUpdated 3 Sept 2026, 4:24 pm Coverage regionsGlobal · India
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SEBI is set to revise the methodology used to determine settlement prices for derivative contracts.

The move follows the rollout of the Closing Auction Session in the cash market.

Market participants have flagged concerns about volatility, last-minute order imbalances, and payout impacts.

SEBI said a consultation paper on possible changes is expected in about a week.

Why it mattersA methodology change could affect how derivatives are priced and settled, influencing trading costs, market volatility, and regulatory practice.
More context

The regulator said the review does not mean a rollback of the Closing Auction Session framework.

AGREEMENT VS DISAGREEMENT

What lines up. What splits.

A quick read on shared facts, changing details, and different emphasis.

What coverage agrees on

The reporting broadly agrees that SEBI is preparing a review of derivatives settlement pricing after feedback linked to the Closing Auction Session, and that a consultation paper is expected soon.

What is changing or disputed

What may change is the specific settlement-price methodology and any framework tweaks SEBI could propose in the consultation paper. The reports also note that the review is not presented as a rollback of the Closing Auction Session.

HOW COVERAGE DIFFERS

Same story. Different emphasis.

Swipe through the perspectives. Labels describe coverage framing, not truth or quality.

Neutral7

The available articles present SEBI’s plan as a technical review of derivatives settlement pricing after the Closing Auction Session rollout. They agree that feedback from market participants prompted the move and that a consultation paper should follow in about a week. One report says the regulator may propose framework changes, while another says the review does not imply a rollback of the new session. The coverage stays focused on process and possible rule changes rather than a broader dispute.

STORY TIMELINE

How the coverage developed

The latest eight dated reports, from earliest to newest.

GO DEEPER

Read the reporting

Scan each source take, then open the original article.

The Hindu Neutral framing Provisional rating

SEBI set to revise derivatives settlement price methodology after CAS feedback; expected in about a week

Quick source take

The Hindu reports that the Securities and Exchange Board of India is set to introduce changes to the methodology used for determining settlement prices of derivative contracts. This decision follows the implementation of the Closing Auction Session and feedback received from market participants through multiple channels. The regulator announced that the proposed changes are expected to be announced in about a week and will be taken up for consultation before finalization.

The Economic Times Neutral framing Reported

Sebi to review derivatives settlement price methodology after CAS volatility

Quick source take

The Economic Times reports that the Securities and Exchange Board of India will review derivative settlement price methodology following market participant feedback regarding volatility after the Closing Auction Session. The publication details that sudden swings in the closing auction caused large changes in option prices, citing specific market movements on Thursday. Sebi stated that a consultation paper detailing potential changes will be issued in about a week.

ANI News Neutral framing Reported

SEBI to review derivatives settlement pricing after CAS rollout; consultation paper in a week

Quick source take

ANI News reports that the Securities and Exchange Board of India is set to review the methodology for determining derivative contract settlement prices a month after implementing the Closing Auction Session in the cash market. In a press release, the regulator announced it may propose framework changes and will release a consultation paper in about a week. The report notes that traders and brokers have flagged concerns regarding volatility and last-minute order imbalances.

Fortune India Neutral framing Reported

Sebi to review derivatives settlement prices amid CAS volatility concerns

Quick source take

Fortune India reports that the Securities and Exchange Board of India is reviewing the methodology used to determine settlement prices for derivative contracts following market volatility concerns after the rollout of the Closing Auction Session. The regulator stated that a consultation paper regarding proposed changes will be issued in about a week. The publication notes that the National Stock Exchange recorded significant cumulative turnover during the first month of the implementation.

ETLegalWorld.com Neutral framing Reported

SEBI to review derivatives settlement pricing after CAS rollout; consultation paper in a week

Quick source take

The Securities and Exchange Board of India announced plans to review the methodology for determining settlement prices of derivative contracts on expiry. This comes a month after the regulator rolled out the Closing Auction Session in the cash market. SEBI stated that it will issue a consultation paper in about a week to propose changes following feedback from traders and brokers regarding market volatility and payout impacts. The regulator emphasized that the review does not involve a rollback of the Closing Auction Session framework.

The Economic Times Neutral framing Reported

Sebi to revisit derivatives settlement prices after CAS rollout

Quick source take

The Economic Times reports that the Securities and Exchange Board of India announced it will review the methodology used for determining settlement prices of derivative contracts on expiry. According to the regulator, this decision follows feedback from market participants regarding the closing auction session introduced in the equity cash market on August 3. Sebi stated it plans to issue a consultation paper proposing methodology changes within a week.

IndiaIPO Neutral framing Reported

SEBI to review derivatives settlement methodology

Quick source take

IndiaIPO reports that the Securities and Exchange Board of India stated on Thursday that it would review derivative settlement price methodologies following stakeholder feedback on the closing auction session. The rollout reportedly highlighted issues such as divergent index closing levels and volatile options pricing, notably on expiry days. The regulator intends to release a discussion paper outlining proposed changes within a week.