The stock market regulator Securities & Exchange Board of India (SEBI) has allowed physical settlement of both stock options and stock futures. At present only cash settlement of derivatives is allowed.
SEBI stated stock exchanges will also have the flexibility to offer a combination of cash settlement for stock options and physical settlement for stock or physical settlement for stock options and the cash settlement for stock futures.
Static/Current Takeaways Important for Railway RRB Exam 2018-
- SEBI was established on 12th April 1992.
- The Head office of SEBI is in Mumbai.
- Ajay Tyagi is Chairman of SEBI.
Source- The Hindu Business Line