Mumbai: Sebi will "engage" with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, chairman Tuhin Kanta Pandey said on Wednesday.He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts.
How Sahara Duped Millions Of Investors, ED Uncovers Shocking Ponzi Scam & Secret Cash Deals"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," Pandey said, while speaking at the event organised by MCX.
By December 2025 end, Sebi will include commodity-specific brokers in a common reporting mechanism for compliance reports.Pandey also said that the commodity markets have to play an important role in ensuring rare metals security for the country.
Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.
You may also like
Under 12 not to be given medicines without doctor's prescription: Kerala Minister
Dame Jilly Cooper dead: Riders author dies suddenly as family issue statement
Meet Brunkow, Ramsdell and Sakaguchi — the Nobel Prize-winning trio who taught the world how the immune system knows when to stop
Radiators will give more warmth if you complete this one job before the end of October
Home Loan: If you miss three consecutive EMIs, you'll become a defaulter. Find out what the bank can do to you!
