Now will be implemented in July Common Contract Note – Common Contract Notes will now be applicable in July – Business Standard

The deadline of the Common Contract Note system has been extended to July 2025 due to the challenges in the implementation of Facebook Twitter Linked In Whatsapp Gmail. It was planned to implement it from August 2024 in May 2024. But it was later increased to January 2025 and then March 2025. A source said, “market participants and foreign portfolio investors have cited operating obstacles as the major causes of delay, including upgrading the system and pressure of recent regulatory changes.” The source said, “The regulator is focusing on ensuring that the entire mechanism is ready, even if the demand for a common contract note is mainly the only section of the market. Contract notes contain transactions, such as the number of shares, price, brokerage and tax. Currently, notes with different price notes are issued for each exchange so that foreign portfolio investors prioritize the same exchange. The aim of the new system is to launch it by starting the same weighted average price (WAP) for deals in both exchanges. First Published – May 1, 2025 | 10:30 PM IST Facebook Twitter Linked In Whatsapp Gmail related posts

Source link