Overview

• PACs are mandated under the June 12 circular to convene a minimum of two sessions each year, with additional meetings as necessary.
• Committees overseeing agricultural commodities now face a separate requirement to meet at least once annually under the revised guidelines.
• The changes expand on the August 2023 Master Circular, which first required exchanges to establish PACs for every commodity group or complex.
• Revisions were shaped by market participant representations and deliberations of SEBI’s Commodity Derivatives Advisory Committee.
• All SEBI-regulated commodity exchanges must put the updated meeting schedule into effect without delay.