Quick summary
SEBI has postponed the implementation of its June 15 2026 circular on base price, price bands, pre‑open call auction and close‑out procedures for Exchange Traded Funds (ETFs). The effective date moves from 1 September 2026 to 7 September 2026. All market participants must ready systems, amend relevant rules, and inform investors.
Who is affected
- All Recognized Stock Exchanges
- All Recognized Clearing Corporations
- All Asset Management Companies of Mutual Funds
- Association of Mutual Funds in India
What changes
- The only change is the extension of the implementation date for the provisions of SEBI Circular HO/47/11/11(1)2026‑MRD‑POD3/I/13804/2026 from 1 Sept 2026 to 7 Sept 2026.
- All other provisions of the June 15 2026 circular remain unchanged.
Action items
1. Take necessary steps and put in place systems for implementation. 2. Amend relevant by‑laws, rules and regulations where required. 3. Publish the circular’s provisions on your website and inform market participants, including investors.
Key dates‑deadlines
- Original effective date: 1 September 2026
- Revised effective date: 7 September 2026
Source reference
HO/47/11/11(1)2026‑MRD‑POD3/I/19839/2026, 28 August 2026