FIA has submitted comments to the Securities and Exchange Board of India on its proposal to introduce a closing auction session (CAS) in the equity cash segment. FIA welcomes SEBI’s initiative as an important step in bringing India’s market structure closer to global best practices.
FIA emphasises the importance of harmonisation across exchanges, monitoring liquidity conditions closely in the early sessions, and ensuring sufficient lead time for operational adjustments. The response also addresses specific proposals in the paper, including the scope of CAS implementation, treatment of derivatives, and margin requirements.
