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Sebi sets investment limit via wallets at ₹50,000
proposing to amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012. This will allow commodity exchanges to launch options products that can be settled by converting them to futures a day before the expiry of the contract.
“Options would complement existing futures contracts. Options would attract domestic hedgers to hedge on exchanges,” said Mrugank Paranjape, MD and CEO, Multi Commodity Exchange of India Ltd.
The detailed guidelines for trading in options on commodity derivatives exchange will be issued by Sebi, the market regulator in a statement.
Sebi will also amend stock brokers’ regulation so that it can integrate stock brokers in equity and commodity derivative markets. This will enable the same entity to operate in both markets.
“This step will reduce costs for financial intermediaries and give them more opportunities since it will be easier to approach equity (and commodity) clients,” said Chintan Modi, executive V-P at securities house IIFL.
Sebi also made it compulsory for companies to appoint a monitoring agency if their capital market issue size (excluding offer-forsale component) is more than ₹100 crore. Earlier, the floor was ₹500 crore.
Monitoring agencies will have to submit their report every quarter now (from half-yearly earlier) and companies will have to publish this report on their websites besides sending to stock exchanges, Sebi said.