SEBI Relaxes Product Advisory Committee Meeting Frequency for Commodity Derivatives Market Participants

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Full Text of the Document

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....SEBI issued a regulatory circular modifying provisions for Product Advisory Committees (PAC) in commodity derivatives segments. The amendment specifically reduces meeting frequency requirements, mandating PACs for agricultural commodities meet at least once annually, compared to previous twice-yearly requirement. The modification stems from market participant representations and deliberations by Commodity Derivatives Advisory Committee. The circular, issued under SEBI Act Section 11(1), takes immediate effect and applies to all recognized stock exchanges with commodity derivatives segments, aiming to streamline regulatory compliance and enhance market oversight mechanisms.....