TMI BlogProduct specifications pertaining to the Electronic Gold Receipts (EGR) segment in IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... the Electronic Gold Receipts (EGR) segment in India 1. SEBI vide Circular no. SEBI/HO/CDMRD/DMP/CIR/P/2022/07 dated January 10, 2022 , has issued framework for operationalizing the Gold Exchange in India and vide SEBI Circular no. SEBI/HO/CDMRD/DMP/P/CIR/2022/19 dated February 14, 2022 , has issued Standard Operating Guidelines for the Vault Managers and Depositories in Electronic Gold Recei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of EGR shall take place on stock exchanges, in the trading unit , which shall be specified by the stock exchanges. The stock exchanges shall ensure that trading unit is not smaller than 10th part of the corresponding deposit unit. For example: On deposit of 100gm gold bar, 1 EGR may be created of 100 gm trading unit or 10 EGRs may be created of 10gm each trading unit. 3.3. The settlement uni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of deposit unit / withdrawal unit and trading unit / delivery unit shall be clearly spelt out in the contract specifications of the exchange. 4. At the time of creation of EGR, the beneficial owner of gold shall specify the trading unit of EGR, to the Vault Manager. 5. This Circular shall come into force with immediate effect. 6. The Exchanges shall: 6.1. take steps to make necessary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... old Receipts . Yours faithfully, Naveen Sharma General Manager Division of Market Policy Commodity Derivatives Market Regulation Department Email: naveens@sebi.gov.in Ph: 022-26441709 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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