Role of the Independent Oversight Committee for Product Design

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....for Product Design 1. SEBI vide its circular CIR/CDMRD/DEA/03/2015 dated November 26, 2015, has prescribed "Timelines for compliance with various provisions of securities laws by commodity derivatives exchanges". In the said circular, on the issue of oversight committees, SEBI has advised all the commodity derivatives exchanges as under- "21. Commodity derivative exchanges shall comply with the....

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.... 2.1. To oversee matters related to product design such as introduction of new products/contracts, modifications of existing product/contract designs etc. and review the design of the already approved and running contracts. 2.2. To oversee SEBI inspection observation on Product Design related issues. 2.3. To estimate the adequacy of resources dedicated to Product design related function. 3. T....