Bolstering India’s commodity markets high on agenda: SEBI Chairman TK Pandey

Bolstering India’s commodity markets high on agenda: SEBI Chairman TK Pandey

The regulator is also contemplating allowing access to FPIs

The Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, has stated that strengthening India’s commodity markets is high on the regulatory body’s agenda.

Pandey elaborated, “We have already constituted a committee to recommend measures for deepening the agricultural commodities segment. We will also constitute a working group for developing the non-agricultural commodity space, including metals.”

He added, “SEBI is also considering allowing foreign portfolio investors (FPIs) access to more commodities, while enabling entry of banks, insurers and pension funds to trade in the segment. Enhanced institutional participation will bring in higher liquidity, making the market more attractive for hedging. We will keep working towards a regulatory framework to enable prudent institutional access to these markets.”