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Markets regulator Sebi on Friday came out with guidelines for preparing warehousing norms by clearning corporations for agricultural, agri-processed, base and industrial metals goods.
The guidelines, which will be the minimum requirements that will be prescribed by clearing corporations for warehousing service providers, are aimed at bringing uniformity, improve ease of doing business and rationalise regulatory compliance cost, among other aspects.
In a circular, Sebi said the guidelines would come into effect from June 1, 2021.
According to the regulator, the prescribed norms are the minimum requirements/ standards which a clearing corporation will set out for compliance by its accredited WSPs (Warehouse Service Providers) and assayers. ....

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