Market regulator Sebi has approved foreign portfolio investor participation in select non-agricultural commodity futures and options, a move aimed at deepening institutional participation in India’s commodity derivatives market.
The decision was part of a wider set of board approvals that also included an overhaul of portfolio manager regulations, a revamp of settlement proceedings rules, easier call record maintenance norms for research entities, a common advertisement code for certain regulated entities and expanded vault manager norms beyond electronic gold receipts.
