Allowing stock exchanges to launch multiple contracts on the same commodity in commodity derivatives segment
Summary
SEBI permits recognized stock exchanges to launch multiple contracts on the same commodity within the commodity derivatives segment. This policy change aims to broaden investor participation and cater to all value chain participants, particularly in metal contracts. Exchanges are required to amend their bye-laws, notify members, and report implementation status to SEBI.
Text
stock exchanges may be allowed to launch multiple contracts in same commodity
The Circular shall come into force with immediate effect
take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the same
bring the provisions of this circular to the notice of the members of the Exchange and also to disseminate the same on their website
communicate to SEBI, the status of the implementation of the provisions of this Circular
This Circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992
Source: SecMarx — Allowing stock exchanges to launch multiple contracts on the same commodity in commodity derivatives segment. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.