SEBI has revised the rules in ‘Master Circular for Commodity Derivatives Segment’. The updated circular states that in case an accredited warehouse has had no stock for the preceding six months, only one inspection per year is required. If there has been no stock for the entire year, no independent inspection is necessary. However, periodic in-house inspections by clearing corporations must continue to ensure readiness for new deposits. This modification is effective from the calendar year 2024.
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