The Securities and Exchange Board of India (Sebi) on Thursday gave its nod to the convergence of both equities and commodity-backed stocks on exchanges from October 2018. The board approved the proposal to remove the restrictions by making suitable amendments to Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporation) Regulations, 2012 (“SECC Regulations”). SEBI Chairman said that the securities receipts can now be listed and traded on stock exchanges,” Jasani told IANS. The decision had a mixed impact on the scrip of listed stock and commodity exchanges. On its part, BSE welcomed Sebi’s decision to allow convergence of stock and commodity exchanges.

Source: Hindustan Times December 28, 2017 14:26 UTC