Electronic Gold Receipts trading rules set structured pre-open, block/bulk frameworks and mandatory client verification for orderly markets. The circular operationalizes EGR as tradable securities by prescribing exchange obligations, defined trading hours and holidays, a 15 minute pre-open call auction with reference-price rules and +/-5% pre-open limits, frameworks for block and bulk deals with VWAP/reference-price and disclosure/mandatory-delivery requirements, price-band mechanisms with dynamic relaxations, use of Investor Protection and Service Funds for EGR matters, and mandatory Unique Client Code and PAN verification for clients, with exchanges required to amend rules and implement risk-management and disclosure systems accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electronic Gold Receipts trading rules set structured pre-open, block/bulk frameworks and mandatory client verification for orderly markets.
The circular operationalizes EGR as tradable securities by prescribing exchange obligations, defined trading hours and holidays, a 15 minute pre-open call auction with reference-price rules and +/-5% pre-open limits, frameworks for block and bulk deals with VWAP/reference-price and disclosure/mandatory-delivery requirements, price-band mechanisms with dynamic relaxations, use of Investor Protection and Service Funds for EGR matters, and mandatory Unique Client Code and PAN verification for clients, with exchanges required to amend rules and implement risk-management and disclosure systems accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
