Sebi expands bullion vaulting framework to ETFs, derivatives; vault manager net worth raised
60-Word AI Digest
Sebi expanded its vault managers framework beyond Electronic Gold Receipts to cover bullion underlying specified ETFs and derivatives, while raising vault managers’ net-worth requirement to Rs 75 crore and strengthening security, segregation, compliance and governance requirements.
Key Takeaways
- Sebi expands bullion vaulting framework to ETFs, derivatives; vault manager net worth raised
- Sebi expanded its vault managers framework beyond Electronic Gold Receipts to cover bullion underlying specified ETFs and derivatives, while raising vault managers’ net-worth requirement to Rs 75 crore and strengthening security, segregation, compliance and governance requirements.
- Click full coverage link below for the complete official dispatch.
Sebi expanded its vault managers framework beyond Electronic Gold Receipts to cover bullion underlying specified ETFs and derivatives, while raising vault managers’ net-worth requirement to Rs 75 crore and strengthening security, segregation, compliance and governance requirements.
Original Publisher Attribution
This summary was curated from Economic Times.