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of <h1>RBI Tightens Speculation Rules on Securities; Limits Contracts to Spot Delivery or Recognized Exchanges per SCR Act, 1956.</h1> The Reserve Bank of India, under the Securities Contracts (Regulation) Act, 1956, aims to prevent undesirable speculation in securities across India. It restricts contracts for the sale or purchase of government, gold-related, and money market securities, except for spot delivery or recognized stock exchange contracts. Specific provisions allow certain entities, like scheduled banks and registered financial institutions, to engage in 'when issued' or ready forward contracts under specified conditions. The notification outlines compliance with relevant regulations and supersedes a previous notification from 2006. Definitions for various financial terms are provided to clarify the scope of the regulations.
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