Eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges having commodity derivative segments.

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...., Sub: Eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges having commodity derivative segments. 1. Chapter 6 of SEBI Master Circular dated August 4, 2023 for Commodity Derivatives Segment prescribes Product Design and Risk Management Framework for Options on Commodity Futures. 2. Based on representations received from market participants and deli....

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....ange: i. The average daily turnover of underlying futures contracts of the corresponding commodity during the previous twelve months, shall be at least: a) INR 100 crore for agricultural and agri-processed commodities b) INR 1000 crore for other commodities 3. The Circular shall be applicable for all Options on Futures contracts (agricultural and agri-processed commodities) introduced on....