SEBI Notified Trading Regulations for Electronic Gold Receipts

The exchanges need to ensure that they have necessary risk management system and infrastructure in place.

SEATTLE (Scrap Monster): The Securities and Exchange Board of India (SEBI) unveiled trading features pertaining to the Electronic Gold Receipts (EGR) segment.

According to the circular issued by the market regulator, the trading on EGR segment shall be permitted from Monday to Friday. The stock exchanges can set their trading hours within the time limit of 9:00AM to 11:30PM / 11:55PM. The pre-open session shall be for a duration of 15 minutes i.e. from 8:45 AM to 9:00 AM.

SEBI Announced Operating Guidelines for Silver ETFs

The exchanges need to ensure that they have necessary risk management system and infrastructure in place.

All stock exchanges shall jointly decide upon the common holiday list. On such trading holidays, stock exchanges may permit trading in evening session. The exchanges shall suitably consider the views of market participants, while finalizing trading holidays. The holiday list for EGR should be in line with holiday list for derivatives markets.

SEBI called upon exchanges to take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the features. The provisions of the circular must be brought to the notice of the members of the Exchange. Also, the exchanges are required to communicate to SEBI, the status of implementation of the provisions.