Sebi expands bullion vaulting rules to ETFs and derivatives
India's market regulator has extended its vault manager framework beyond electronic gold receipts to ETFs and derivatives, and raised the net-worth threshold to Rs 75 crore.
Gold Market
India's market regulator has extended its vault manager framework beyond electronic gold receipts to ETFs and derivatives, and raised the net-worth threshold to Rs 75 crore.
Indian authorities are weighing joint RBI-SEBI oversight of digital gold and a requirement that each unit be backed by physical bullion. The market holds roughly $3 billion in assets.