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of <h1>SEBI Circular Sets New Warehousing Norms for Commodity Derivatives with Focus on Compliance and Infrastructure Improvements.</h1> The circular issued by SEBI outlines guidelines for warehousing norms related to agricultural, agri-processed, and non-agricultural goods (base/industrial metals) underlying commodity derivatives contracts with physical delivery. It emphasizes the importance of robust warehousing infrastructure to ensure good delivery and settlement of trades. Clearing Corporations must establish a framework for Warehouse Service Providers (WSPs) to comply with minimum standards and additional norms. The guidelines cover accreditation, eligibility, financial soundness, corporate governance, infrastructure, and operational procedures for WSPs. The circular also mandates monitoring, inspections, and audits to ensure compliance and includes provisions for handling grievances and ensuring business continuity. These norms aim to enhance market confidence, streamline operations, and reduce compliance costs, effective from June 1, 2021.
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