Electronic Gold Receipt to have Trading, clearing and settlement features akin to any Other ‘Securities’: SEBI

The Securities and Exchange Board of India (SEBI) approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021. The instrument representing gold will be called ‘Electronic Gold Receipt’ (EGR) and it will be notified as “securities” under Securities Contracts (Regulation) Act, 1956. EGRs will have the trading, clearing and settlement features akin to […]
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