Direct Market Access (DMA) to SEBI registered Foreign Portfolio Investors (FPIs) for participating in Exchange Traded Commodity Derivatives (ETCDs)

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....ment All Foreign Portfolio Investors registered with SEBI All Custodians registered with SEBI Sir/Madam, Sub: Direct Market Access (DMA) to SEBI registered Foreign Portfolio Investors (FPIs) for participating in Exchange Traded Commodity Derivatives (ETCDs) 1. In order to promote institutional participation in ETCDs, SEBI, vide Circular No. SEBI/HO/MRD/MRD-RAC-1/P/CIR/2022/131 dated....

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....tiality, lower impact costs for large orders and implementing better hedging and arbitrage strategies. 4. Based on representations received for enabling DMA facility to FPIs in ETCDs and deliberations by Commodity Derivatives Advisory Committee (CDAC) of SEBI, it has been decided to allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs subject to the following conditio....

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....he provisions of this circular to the notice of the members of the stock exchange and also disseminate the same on their website. 7.3 Communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Report. 8. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, ....