Regulatory Alerts2023-08-04
Master Circular for Commodity Derivatives Segment
The Securities and Exchange Board of India issued this Master Circular to consolidate all regulations pertaining to the commodity derivatives market into a single document effective August 4, 2023. It mandates compliance from all stock exchanges and clearing corporations with commodity derivatives segments while rescinding previous circulars and updating references to repealed statutes. The document establishes comprehensive frameworks for trading, product design, risk management, delivery norms, warehousing accreditation, and investor protection mechanisms.
Share