List of goods notified under SCRA, 1956
Summary
SEBI notifies the updated list of goods under SCRA, 1956, increasing the count from 91 to 104 items effective March 1, 2024. The circular mandates Recognised Stock Exchanges and Clearing Corporations to amend their bye-laws and rules to implement these changes. It also requires entities to disseminate the information to members and report implementation status to SEBI.
Text
Ministry of Finance vide notification number S.O.1002(E) dated March 01, 2024 has notified list of goods under clause (bc) of Section 2 of SCRA, 1956... thereby increasing the list of goods on which derivatives can be launched from ninety-one (91) to one hundred and four (104).
Ministry of Finance vide notification number S.O.1003(E) dated March 01, 2024 has also issued a notification declaring a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in future, such underlying goods, as notified under clause (bc) of Section 2 of SCRA, 1956.
Para 2.1.1 of Chapter 2 in Master Circular shall read as follows: 2.1.1 Pursuant to the repeal of the Forward Contracts (Regulation) Act, 1952 (“FCRA”) and amendment to the Securities Contracts (Regulation) Act, 1956 (“SCRA”), the Central Government... have vide Notification No. S.O.1002(E) dated March 01, 2024 notified the goods specified therein...
Para 5.1.1 of Chapter 5 in Master Circular shall read as follows: 5.1.1 Underlying: Goods as notified vide number S.O.1002(E) dated March 01, 2024, under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956.
The circular shall be effective from the date of issuance.
All Recognised Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment are advised to: take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of this circular;
bring the provisions of this circular to the notice of the members of the Stock Exchange and Clearing Corporation as well as 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 the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — List of goods notified under SCRA, 1956. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.