The Securities and Exchange Board of India on 16th April 2021 has issued Guidelines for warehousing norms for agricultural/agri-processed goods and non-agricultural goods underlying a commodity derivatives contract having the feature of physical delivery which shall be in force from 1st June 2021.
The Clearing Corporation shall ensure that the WSP had obtained the required registrations of the proposed storage facility from WDRA for commodities notified by WDRA and for other commodities under applicable law/s and the same shall be intimated by it to the Clearing Corporation prior to providing the storage services to the Clearing Corporation.
A storage facility of a WSP may be utilized by more than one Clearing Corporation with proper segregation, demarcation and putting in place appropriate risk management procedures. However, the same storage facility shall not be utilized by more than one Clearing Corporation for the same commodity.
