SEBI introduces pre-expiry margin on commodities under ARMF.

Sebi had prescribed an ARMF that would be applicable in case of near-zero and/ or negative prices for any underlying commodities/futures and in case of these contracts, pre-expiry margins shall be levied during the last five trading days prior to expiry date, wherein they shall increase by 5% every day.

The Electricity (Late Payment Surcharge) Rules, 2021.

All payments by a distribution licensee to a generating company or a trading licensee for power procured from it or by a user of a transmission system to a transmission licensee shall be first adjusted towards Late Payment Surcharge and thereafter, towards monthly charges, starting from the longest overdue bill.