Revised norms for staggered delivery for commodity futures contracts

Following the merger of the Forward Markets Commission (FMC) with SEBI, SEBI issued a circular on September 21, 2016 to consolidate and update the norms prescribed for National Derivatives Exchanges by the erstwhile FMC. However, it was observed that there is no uniformity in the length of staggered delivery periods for commodity futures contracts across exchanges, even for the same commodities. Based on the representations received from exchanges and further deliberations in the Commodity Derivatives Advisory Committee (CDAC), SEBI brought in the revised norms for staggered delivery via a circular dated July 26, 2019.