Securities and Exchange Board of India (SEBI ) 

SEBI/HO/CDMRD/DMP/P/CIR/2022/64MASTER CIRCULAR MAY 17, 2022

Managing Directors/Chief Executive Officers
All Stock Exchanges and Clearing Corporations with Commodity Derivatives Segment

Sub: Commodity Derivatives Market Master Circular

1.In order to guarantee the availability of complete information indicated in commodity derivatives market circulars in one location, SEBI has started producing Master Circulars including information given in different commodity derivatives sector circulars.

The references in the circular to the statutes/regulations that have since been repealed have been appropriately revised. Efforts have also been made to include some applicable sections of existing circulars published by other SEBI divisions that are relevant to commodities derivatives markets within the circular. This circular covers numerous circulars released until March 31, 2022.

2.The terms “national commodity derivatives exchanges,” “regional commodity derivatives exchanges,” or “commodity derivatives exchanges” may all be interpreted as stock exchanges; stock exchanges refer to recognised stock exchanges that include a commodity derivatives sector.

3.It is now clarified that in the event of a conflict between the Master Circular and the original relevant circular, the original circular’s content should take precedence.

4.This Master Circular supersedes the preceding Master Circular SEBI/HO/CDMRD/DMP/P/CIR/2021/589, which was issued on July 1, 2021.

5. This circular has been approved by the Competent Authority.

6.This circular is accessible on the SEBI website at www.sebi.gov.in under the sections “Circulars” and “Info on Commodity Derivatives.”