SEBI, vide its circular dated January 11, 2023 allowed stock exchanges to launch multiple contracts in same commodity.
SEBI further added that Stock exchanges have represented to SEBI that due to requirement of single contract on a particular commodity, except for gold, silver and precious metals, the participation of investors, especially in metal contracts, is limited. Stock exchanges have expressed their desire to launch multiple contracts on same commodity to cater to all value chain participants and the same was discussed and approved in Commodity Derivatives Advisory Committee of SEBI.
This Circular shall come into force with immediate effect and is applicable to the Managing Directors / Chief Executive Officers and all Recognized Stock Exchanges having Commodity Derivatives Segment.
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