SEBI eases norms for disposal of physical gold, silver assets held by mutual funds

Markets regulator SEBI has relaxed the timelines for disposal of physical gold and silver assets held by mutual funds for settlement purposes for investments made through exchange traded commodity derivatives. Underlining that mutual fund schemes cannot invest in physical goods except in gold through gold ETFs, SEBI modified its nearly a year-old directives on disposal timeline for physical goods held by the mutual fund schemes […]

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Sebi proposes one commodity, one exchange model to make India influence global prices

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To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors, says a report in Business […]

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SEBI board allows non-bank custodians to manage gold products

India’s regulator, the Securities and Exchange Board of India (SEBI) board has decided to allow non-banking custodians to manage gold-exchange traded funds (ETFs) and other gold-related products. Banking custodians can continue to provide these services, it stated after a meeting. The board decided to bring amendments to the SEBI (Mutual Funds) Regulations, 1996, in this […]

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Commodity Participants’ Association to create investor database to rein in defaulters

The Commodity Participants’ Association of India plans to create a registry of individual clients trading on the exchange platform to avoid defaulted members from one exchange moving to another. It has been observed that some clients who were banned in the recent castor-seed crisis in NCDEX, had moved to other exchanges in the absence of […]

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Market regulator, SEBI adds diamond, base metals and alloys to liquid assets list in commodities derivatives

Capital markets regulator Securities and Exchange Board of India (SEBI) added diamond, base metals and alloys to the list of eligible liquid assets for the commodity derivatives segment. Currently, the list of commodities permitted as liquid assets consists of bullion, steel and agricultural commodities. “Considering the introduction of compulsory delivery-based diamond and base metal derivatives […]

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SEBI likely to give Deutsche Bank nod to operate as commodity custodian for Mutual Funds

Markets regulator SEBI is likely to give approval to Deutsche Bank by next month to operate as a custodian in the commodities space, a move which will enable participation from institutional investors, including mutual funds and portfolio management service providers, in such segment. To help broaden the commodity derivatives market, SEBI’s board in March this […]

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Sebi asks commodity exchanges to set up product advisory panel

Markets regulator, the Securities and Exchange Board of India (SEBI) has directed commodity exchanges to form a product advisory committee (PAC) for each group or complex of commodities within a month to bring transparency in the designing process of commodity derivatives contracts. In a circular dated August 7, Sebi asked commodity exchanges to form committees for each product or […]

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India’s National Stock Exchange (NSE) to launch eight new agri-commodity contracts

The National Stock Exchange is set to launch futures contracts in the S&P 500 Index on its platform, which will enable Indian investors to take exposure to the most-actively traded futures contract in the world. NSE plans to enter trading in agricultural commodities with eight new contracts that are not currently traded on any other […]

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India’s market regulator says working on guidelines for commodity index derivatives

The Securities and Exchange Board of India (SEBI) is working towards finalising guidelines for commodity index derivatives, the chairman said, adding that more option contracts can be launched. “There are plans to consider more commodity options contracts to be launched, besides working on guidelines for index products,” Ajay Tyagi said in the latest annual report. […]

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