The Securities Exchange Board of India (SEBI) on March 05, 2024, issued a circular regarding the list of goods notified under SCRA, 1956.
The following has been stated: -
•The new list of goods notified vide notification dated March 01, 2024, includes an additional thirteen (13) goods and alloys for five (5) metals, thereby increasing the list of goods on which derivatives can be launched from ninety-one (91) to one hundred and four (104).
•Ministry of Finance vide notification number S.O.1003(E)dated March 01, 2024, has also issued a notification declaring a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell in the future, such underlying goods, as notified under clause (bc) of Section 2 of SCRA, 1956.
•All Recognised Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment are advised to:
Take steps to make necessary amendments to the relevant bye-laws, rules, and regulations for the implementation of this circular.
Bring the provisions of this circular to the notice of the members of the Stock Exchange and Clearing Corporation as well as disseminate the same on their website and communicate to SEBI, the status of the implementation of the provisions of this circular.
The circular shall be effective from March 05, 2024.
The detailed circular is given in the document attached below.
[Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/13]
