The new limit will be effective from April 1, the Securities and Exchange Board of India (Sebi) said in a circular
Capital markets regulator Sebi is likely to allow foreign portfolio investors (FPIs) to participate in exchange-traded commodity derivatives
The peak margin norms have been implemented in phases since December 2020
Sebi on Thursday relaxed the advance intimation requirement for exchanges for carrying out modifications in the contract specifications of commodity derivatives contracts
The move is a fallout of oil prices slipping into negative territory in the futures market last year
These associations collectively represent close to 2,200 members, engaged in retail sale and trade of bullion
The Multi Commodity Exchange of India is planning to implement a new advanced Commodity Derivatives Platform (CDP) for its trading and clearing related services
In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets
The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%
The move is important because it will bring to light the utility, hedging and other key aspects of all contracts
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
No participation without client agreements; custodian a must; sale of physical delivery based on agreed timeline between PMS and client
Long-term liquidity may not improve in current framework
The regulator has asked exchanges to put in place an adequate mechanism to ensure that no participation is put to disadvantageous position
The BSE marked its entry into the commodity derivatives segment with gold and silver contracts on October 1, 2018
Experts suggest more awareness is needed to bring new participants to this segment
Earlier this month leading exchanges, BSE and NSE received Sebi's approval to launch the commodity derivatives segments from October 1
Sensitive commodities excluded from rule; move seen positive for segment
Sebi will have to first finalise guidelines for common standards in preparing commodity indices, after which there will be regulations on trading