Revision of eligibility criteria for launching commodity futures contracts. SEBI modifies norms u/s 2(bc) & u/r 10.1.1. Effective June 1, 2024.

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....SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations. Changes include deletion of certain criteria, modification of submission requirements, and approval conditions for futures contracts. Stock exchanges must adhere to SEBI rules, notify contract specifications, and follow position limits. The circular, effective from June 1, 2024, aims to protect investor interests and regulate the securities market u/s 11(1) of SEBI Act 1992. Exchanges must inform members and publish the circular.....