- Risk value of commodities for risk-o-meter
Notification number – SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/49
Dated – 11.04.2022
In exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996, this circular has been issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
For evaluation of risk value of commodities in which mutual funds are permitted to invest, it has been decided that investment in commodities by mutual fund schemes shall be assigned a risk score corresponding to the annualized volatility of the price of the said commodity. The annualized volatility shall be computed quarterly based on past 15 years’ prices of benchmark index of the said commodity and risk score for the commodity shall be assigned accordingly.
- Comprehensive Risk Management Framework for EGR Segment
Notification Number – SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2022/50
Dated – 11.04.2022
Government of India vide Gazette notification S.O. 5401 (E) dated December 24, 2021, has notified “electronic gold receipts” as ‘securities’ under Section 2(h)(iia) of the Securities Contracts (Regulation) Act 1956, and vide Gazette notification dated December 31, 2021, SEBI (Vault Managers) Regulations, 2021, have been notified, paving the way for operationalization of Gold Exchange. Pursuant to the said notifications, various circulars were issued specifying the framework for operationalizing the Gold Exchange in India.
This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.