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<h1>SEBI Revises Warehousing Norms for Commodity Derivatives Market to Enhance Credibility and Efficiency.</h1> The circular from SEBI outlines revised warehousing norms for agricultural and agri-processed commodities in the commodity derivatives market. It mandates exchanges to establish a comprehensive framework for Warehouse Service Providers (WSPs), ensuring good delivery of commodities. The norms cover accreditation, financial requirements, corporate governance, infrastructure, and monitoring processes for WSPs and warehouses. Exchanges must ensure compliance with these norms, including insurance coverage, inspection protocols, and grievance handling. The circular also emphasizes the importance of maintaining infrastructure standards and implementing a business continuity plan. These changes aim to enhance the credibility and efficiency of the commodity derivatives market.