The Securities and Exchange Board of India (Sebi) on Thursday approved amendments to its Vault Managers Regulations, 2021, expanding the regulatory framework for vaulting services beyond Electronic Gold Receipts (EGRs) to cover bullion underlying Sebi-specified bullion-related instruments, including exchange-traded funds (ETFs) and derivatives on bullion.
The amendments seek to expand and harmonise the regulatory framework governing vault managers and vaulting services for bullion underlying different Sebi-specified bullion-related instruments, according to its latest circular.