It has been decided to modify the norms under Paragraph 2.2 and Paragraph 10.1 of the Master Circular dated August 4, 2023 as under:
Criteria for eligibility of derivative contracts on commodities
Paragraph 2.2.2.: “The following criteria for eligibility, retention and reintroduction of derivative contracts on commodities shall be followed by all the stock exchanges.” stands deleted.
Paragraph 2.2.3 (vi) is modified as under.
“The stock exchanges shall also analyze all the proposed commodities on the afore-said parameters comprised in the template and submit the same to SEBI along with necessary supporting documentary evidence for referring the commodity for notification under section 2(bc) of Securities Contracts (Regulation) Act, 1956.”
Check-list of information/details to be submitted along with proposal for launch of new contract:
All derivative contracts approved by SEBI from time to time, are allowed to be traded in respective Stock exchange(s) on a continuous basis without requiring further approval unless SEBI advises/directs otherwise.
All proposals of stock exchange for launch of new contract shall be accompanied by complete information covering all the points appended at Annexure P of the Master Circular dated August 4, 2023 regarding Checklist of information/details for launch of new contract. The parameters / items listed in the check-list for compliance are illustrative and not exhaustive. Any additional relevant parameter/information as deemed necessary may also be furnished while sending proposal for contracts.
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