Sebi proposes expanding vault manager framework to cover bullion ETFs, derivatives
Markets regulator Sebi on Tuesday proposed expanding the regulatory framework for vault managers to cover physical bullion underlying a wider range of products, including gold and silver ETFs and bullion derivatives.
Markets regulator Sebi on Tuesday proposed expanding the regulatory framework for vault managers to cover physical bullion underlying a wider range of products, including gold and silver ETFs and bullion derivatives.
The proposal is part of Sebi's plan to review and expand the Sebi (Vault Managers) Regulations, 2021, and establish a harmonised vaulting framework for all bullion underlying Sebi-regulated products.
Under the proposed framework, vault managers would cover physical gold, silver and other precious metals underlying Electronic Gold Receipts (EGRs), bullion ETFs, bullion derivatives and any other bullion-related instruments specified by the regulator.
