The Securities and Exchange Board of India (SEBI) is preparing to revise parts of the Capital Market Access System (CAS), with changes expected to be announced shortly after consultations with market participants, according to sources reported by NDTV Profit. The regulator has reassessed key elements of the CAS framework after seeking views from market participants and is now in the process of finalising the proposed tweaks. SEBI is likely to finalise the proposed amendments soon, followed by a formal circular setting out the updated framework, as reported by NDTV Profit.
SEBI is examining whether certain provisions need to be modified to address concerns raised by stakeholders and ensure smoother implementation of the mechanism. The pricing methodology is among the key issues that has been discussed in detail, with the regulator considering the use of a volume-weighted average price (VWAP)-based mechanism as part of the proposed framework. As reported by NDTV Profit, the regulator has sought market participant feedback before reassessing CAS provisions, with the development coming as SEBI continues to refine market mechanisms through consultations with exchanges and other stakeholders.
SEBI is expected to communicate the required changes to stock exchanges and ask them to implement the revised provisions at the earliest once the regulator finalises the framework. However, exchanges may require some time to operationalise the changes, depending on the nature and complexity of the modifications required in their systems, according to the source reported by NDTV Profit. Further details on the changes, including the provisions that may be revised and the implementation timeline, are expected to become clear once SEBI issues the formal circular.
The regulator is likely to finalise the proposed amendments soon, followed by a formal circular setting out the updated framework. SEBI is set to announce revisions to the Capital Market Access System soon, with the changes expected to be announced shortly after consultations with market participants, as reported by NDTV Profit. The development represents SEBI's ongoing efforts to improve the efficiency and transparency of market processes through continuous consultation with market participants.
