The Sebi board discussed reforms in the commodity derivatives market such as allowing newer participants in a phased manner. However, according to a finance ministry official, the Sebi board, which met on Saturday, did not take up amendments to Sebi rules to permit launch of commodity options. ALSO READ: Sebi says norms for stock exchanges poised for an overhaul“Sebi is working on allowing AIFs, particularly the category III (such as hedge funds) segment in commodity derivatives market. The Sebi board discussed reforms in the commodity derivatives market such as allowing newer participants in a phased manner. However, there are no legal hurdles preventing investors from participating in the commodities market as the amended Sebi Act includes commodity derivatives among permissible securities.

Source: Mint February 12, 2017 19:04 UTC