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Jan 21, 2017
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Sebi issues norms for derivative contracts on commodities
To deepen the nascent commodity market, regulator Sebi today came out with a detailed framework on allowing derivative contracts on commodities.
The decision has been taken in consultation with the stakeholders and taking into account the recommendation of Commodity Derivatives Advisory Committee (CDAC).CDAC was constituted for advising Sebi on matters concerning effective regulation and development of commodity derivatives market.The Securities and Exchange Board of India (Sebi) said that commodities on which the exchanges proposed to launch a contract would have to satisfy parameters like homogeneity, durability and volume of the market.
Source -
http://indiatoday.intoday.in
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