Regulatory Alerts2024-06-24
Master Circular for Electronic Gold Receipts (EGRs)
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate and supersede previous regulations governing Electronic Gold Receipts (EGRs) as securities. It establishes the operational framework for the creation, trading, and conversion of EGRs, detailing the three-tranche structure involving vault managers, depositories, and stock exchanges. The document further specifies trading features, risk management protocols, and standard operating guidelines for market participants to ensure investor protection and market integrity.
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