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    "headline": "SEBI to revise derivative settlement price mechanism amid volatility",
    "dek": "SEBI announced plans to tweak the Closing Auction Session (CAS) settlement price mechanism for derivatives following market volatility.",
    "prose": "The Securities and Exchange Board of India (SEBI) announced on Thursday that it will revise the settlement price mechanism for derivatives contracts used in the Closing Auction Session (CAS). [^1]\n\nDuring the first month of CAS implementation, the introduction of the session created significant market volatility and led to closing price discrepancies between two exchanges. [^2]\n\nSEBI plans to release a consultation paper soon to outline the revisions to the settlement price mechanism. [^3]\n\nSEBI stated that the decision to revise the mechanism comes exactly one month after the CAS was rolled out on August 3. [^4]\n\nBSE shares slipped 5.49% in a week and 14% in a month. [^5]\n\nThe BSE exchange acknowledged that the recently introduced Closing Auction Session (CAS) has resulted in lower trading volumes. [^6]",
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      "statement": "The Securities and Exchange Board of India (SEBI) announced on Thursday that it will revise the settlement price mechanism for derivatives contracts used in the Closing Auction Session (CAS).",
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