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    <title>Reforms to Boost Commodities Trading</title>
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    <description>Reforms prioritize phased admission of new participants, authorization of new instruments such as options, and market integration across commodity, equity and currency derivatives; an expert committee is proposed to develop an operational and legal framework to integrate spot and derivatives markets for commodities with e-NAM as a core component. SEBI applies risk-based supervision to various intermediaries but has not finalized introducing such a system for commodity derivatives brokers.</description>
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