Poket News

SEBI approves frameworks for Gold and Social Stock Exchanges

 

  • The market regulator SEBI also approved amendments to the delisting framework for equity shares at the board meeting held in Mumbai. 
  • A gold exchange is being set up to trade the yellow metal in the form of electronic gold receipts, which will help in having a transparent domestic spot price discovery mechanism.
  • The instrument representing gold is to be called Electronic Gold Receipt (EGR), and will be having trading, clearing and settlement features akin to other securities.