Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator. February 01, 2021 / 05:53 PM IST Finance Minister Nirmala Sitharaman has increased the responsibility of the Securities and Exchange Board of India (SEBI) by appointing it as regulator for the Gold Spot Exchange. The recommendation to nominate SEBI in this role also came from the National Institute for Transforming India.