Master Circular for commodity derivatives consolidates SEBI guidance on trading, risk, product design and participant obligations. SEBI's Master Circular consolidates all CDMRD circulars issued up to April 30, 2021, updates terminology to treat commodity segments as belonging to recognized stock exchanges, and clarifies that original circulars prevail over the Master Circular; it supersedes the July 10, 2020 Master Circular and centralises operative rules on trading, disclosures, client identification, product eligibility, DPL and position limits, risk management, warehousing, participant eligibility and special funds for farmers/FPOs.
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Master Circular for commodity derivatives consolidates SEBI guidance on trading, risk, product design and participant obligations.
SEBI's Master Circular consolidates all CDMRD circulars issued up to April 30, 2021, updates terminology to treat commodity segments as belonging to recognized stock exchanges, and clarifies that original circulars prevail over the Master Circular; it supersedes the July 10, 2020 Master Circular and centralises operative rules on trading, disclosures, client identification, product eligibility, DPL and position limits, risk management, warehousing, participant eligibility and special funds for farmers/FPOs.
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