{"id":22744,"date":"2022-02-10T15:31:49","date_gmt":"2022-02-10T10:01:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-bse-gold-receipt\/"},"modified":"2022-02-10T15:31:49","modified_gmt":"2022-02-10T10:01:49","slug":"biz-bse-gold-receipt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-bse-gold-receipt\/","title":{"rendered":"BSE gets Sebi&#8217;s in-principle approval to introduce EGR"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2596186533\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Feb 10 (PTI) Capital markets regulator Sebi has given in-principle\u00a0 approval to BSE for introducing Electronic Gold Receipt (EGR) on the stock exchange&#8217;s platform.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-368047384\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> For final approval for the introduction of EGR segment, the exchange has been advised to submit additional information, according to a regulatory filing on Thursday.<\/p>\n<p>       Sebi, in January, came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of EGRs.<\/p>\n<p> Also, the regulator has notified rules for vault managers paving the way for operationalising of the gold exchange.<\/p><div class=\"trade-content_5\" id=\"trade-1515318698\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;Sebi vide its letter dated February 9, 2022, has granted its in-principle\u00a0 approval for introducing EGR segment on BSE Limited,&#8221; the exchange said.<\/p>\n<p> Under the rules, the entire transaction has been divided into three tranches &#8212; creation of EGR, trading of EGR on stock exchange and conversion of EGR into physical gold.<\/p>\n<p> The bourses can launch contracts with different denomination for trading or conversion of EGR into gold.<\/p>\n<p> The source of supply of the physical gold to be converted into EGR will be the fresh deposit of gold coming into the vaults, either through imports or through stock exchanges-accredited domestic refineries.<\/p>\n<p> A common interface will be developed by depositories, which will be made accessible to all the entities &#8212; vault\u00a0managers, depositories, stock exchanges and clearing corporations.<\/p>\n<p> To lower the costs associated with withdrawal of gold from the vaults, EGRs have been made &#8220;fungible&#8221; and &#8220;interoperability between vault managers&#8221; have been allowed. \u00a0 \u00a0 \u00a0 \u00a0In October 2021, BSE Chief Business Officer Sameer Patil had said the exchange is ready with its technology to introduce EGRs on its platform, which will help in creating uniform price structure of the yellow metal across the country. PTI SP  RAM<\/p><div class=\"trade-content-10\" id=\"trade-569988817\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1696283502\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 10 (PTI) Capital markets regulator Sebi has given in-principle\u00a0 approval to BSE for introducing Electronic Gold Receipt (EGR) on the stock exchange&#8217;s platform. For final approval for the introduction of EGR segment, the exchange has been advised to submit additional information, according to a regulatory filing on Thursday. Sebi, in January, came [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,31],"tags":[],"class_list":["post-22744","post","type-post","status-publish","format-standard","hentry","category-commodities","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BSE gets Sebi&#039;s in-principle approval to introduce EGR - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-bse-gold-receipt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSE gets Sebi&#039;s in-principle approval to introduce EGR\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 10 (PTI) Capital markets regulator Sebi has given in-principle\u00a0 approval to BSE for introducing Electronic Gold Receipt (EGR) on the stock exchange&#8217;s platform. 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