SEBI Circular – Review of provisions relating to Product Advisory Committee (PAC)

SEBI vide its Circular dated June 12, 2025, has amended the provisions related to the meetings of the Product Advisory Committee (PAC) under the Commodity Derivatives Segment. As per the revised provision (para 2.4.4.i of the Master Circular dated August 4, 2023), the PAC must meet at least twice a year for all commodities, while for agricultural commodities, the PAC is required to meet at least once a year. This change follows industry representations and discussions within SEBI’s Commodity Derivatives Advisory Committee and takes immediate effect.

Link: https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/jun-2025/1749726843164.pdf#page=1&zoom=page-width,-15,842