NEW DELHI: Markets regulator
Sebi on Friday allowed
mutual funds and portfolio management services (PMS) to trade in commodity derivatives.
“The Board approved participation by mutual funds and
portfolio managers in exchange traded commodity derivatives. Category – III Alternative Investment Funds which are already permitted to participate in Commodity derivatives, have now been permitted to deal with goods received in delivery against physical settlement of such contracts, if any,” Sebi said in a release.
The Securities and Exchange Board of India (Sebi) also approved amendments to regulations for
InvITs and
REITs.
In a Sebi board meeting held today, the regulator raised leverage limit for Infrastructure Investment Trust (InvITs) to 70 per cent of assets from 49 per cent.
The regulator has also exempted open offer for acquisition or scheme of arrangement as ordered by a tribunal or a court.
The fee structure for some market participants has also been revised. The fee for brokers has been cut to Rs 10 per Rs 1 crore transaction from earlier Rs 15.
“The fees payable by brokers for agri-commodity derivatives transactions has been reduced by 93.33 per cent, i.e. from Rs 15 per crore of transactions to Rs 1 per crore of transactions,” it said.
The regulator also approved proposal to amend the SEBI (Custodian) Regulations, 1996 to grant permanent registration to custodians instead of periodical renewal every three years. This will facilitate ease of doing business for the custodians.