Latest news with #CommodityDerivativesAdvisoryCommittee
Time of India
a day ago
- Business
- Time of India
Sebi sets minimum 2 PAC meets yearly for commodity exchanges
Markets regulator Sebi on Thursday directed stock exchanges with commodity segments to ensure their Product Advisory Committees (PACs) meet at least twice a year, or more frequently if necessary. However, in the case of agricultural commodities, the PAC is required to meet at least once annually. Sebi's 'Master Circular for Commodity Derivatives Segment ' in August 2023 issued various compliance requirements for stock exchanges and clearing corporations operating in the commodity derivatives segment. As per the Master Circular, each stock exchange is mandated to constitute a Product Advisory Committee for every group or complex of commodities that share common stakeholders or value chain participants, and on which derivatives are either currently traded or proposed to be introduced. Based on representations from market participants and following deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC), the regulator has revised the meeting frequency guidelines for PACs. Live Events "The PAC shall meet at least twice a year and more frequently as needed. However, for agricultural commodities, the PAC shall meet at least once a year," Sebi said in its circular. The revised guidelines take effect immediately.
Time of India
2 days ago
- Business
- Time of India
Sebi Regulations: Sebi Mandates Biannual PAC Meetings for Commodity Exchanges, ET LegalWorld
Markets regulator Sebi on Thursday directed stock exchanges with commodity segments to ensure their Product Advisory Committees (PACs) meet at least twice a year, or more frequently if necessary. However, in the case of agricultural commodities, the PAC is required to meet at least once annually. Sebi's 'Master Circular for Commodity Derivatives Segment' in August 2023 issued various compliance requirements for stock exchanges and clearing corporations operating in the commodity derivatives segment. As per the Master Circular, each stock exchange is mandated to constitute a Product Advisory Committee for every group or complex of commodities that share common stakeholders or value chain participants, and on which derivatives are either currently traded or proposed to be introduced. Advt Based on representations from market participants and following deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC), the regulator has revised the meeting frequency guidelines for PACs."The PAC shall meet at least twice a year and more frequently as needed. However, for agricultural commodities, the PAC shall meet at least once a year," Sebi said in its revised guidelines take effect immediately. Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETLegalWorld App Get Realtime updates Save your favourite articles Scan to download App
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Business Standard
2 days ago
- Business
- Business Standard
Sebi mandates minimum two yearly PAC meetings for commodity exchanges
Markets regulator Sebi on Thursday directed stock exchanges with commodity segments to ensure their Product Advisory Committees (PACs) meet at least twice a year, or more frequently if necessary. However, in the case of agricultural commodities, the PAC is required to meet at least once annually. Sebi's 'Master Circular for Commodity Derivatives Segment' in August 2023 issued various compliance requirements for stock exchanges and clearing corporations operating in the commodity derivatives segment. As per the Master Circular, each stock exchange is mandated to constitute a Product Advisory Committee for every group or complex of commodities that share common stakeholders or value chain participants, and on which derivatives are either currently traded or proposed to be introduced. Based on representations from market participants and following deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC), the regulator has revised the meeting frequency guidelines for PACs. "The PAC shall meet at least twice a year and more frequently as needed. However, for agricultural commodities, the PAC shall meet at least once a year," Sebi said in its circular. The revised guidelines take effect immediately.
