Sebi sets out commodities framework

India’s securities regulator aims to give market a clearer structure, and attract more players

sebi

India’s regulator, the Securities and Exchange Board of India (Sebi), which began overseeing the equities and commodities markets in 2015, has for the first time set out a framework for the listing of commodity derivatives. From April, commodities on which the country’s exchanges propose to launch a new contract will have to satisfy a minimum annual turnover requirement, be homogeneous so that market participants are confident they understand exactly what they are trading, and be durable and