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<h1>Product Advisory Committee meeting frequency revised: exchanges to convene PACs twice yearly, agricultural PACs at least annually.</h1> SEBI requires Product Advisory Committees for each commodity group to meet at least twice a year, while PACs for agricultural commodities shall meet at least once a year. The revision to the Master Circular on Commodity Derivatives is effective immediately, and stock exchanges must notify members and disseminate the change on their websites. The circular is issued under Section 11(1) of the SEBI Act for investor protection and market regulation.
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