Securities and Exchange Board of India (SEBI) has proposed a frame work for setting up of the Gold Exchange in India.
Accordingly, a Consultation Paper detailing the proposed framework for the Gold Exchange in India and the draft SEBI (Vault Manager) Regulations, 2021 for regulating exchange related business of the Vault Managers has been issued for public comments.
Further, it has been decided that SEBI would regulate the entire ecosystem of the proposed gold exchange and would be the sole regulator for gold exchange including for vaulting, assaying and gold quality including delivery standards.
However, the Consultation Paper is open for public comments till 18th June 2021.
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