ENA Sectors 2026-05-06 13:44:15 <p><span style="font-size:14px"><strong>Mumbai, May 6 (KNN) </strong>Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said banking and insurance regulators are not in favour of allowing their regulated entities to participate in the commodity derivatives market due to certain concerns.</span></p> <p><span style="font-size:14px">Speaking at IMC Chamber of Commerce and Industrys capital markets conference, Pandey said both the Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI) have reservations about permitting banks and insurance companies to invest in commodity derivatives, adding that the regulators have valid rationale for their stance.</span></p> <p><span style="font-size:14px"><strong>SEBI Flags GST Hurdles In Gold Deliveries</strong> </span></p> <p><span style="font-size:14px">He also said GST-related issues are restricting physical delivery in commodity derivatives, including gold. To address this, SEBI has approached the GST Council through the Finance Ministry and proposed an Integrated GST (IGST) mechanism instead of state-level GST.</span></p> <p><span style="font-size:14px">Pandey said warehouses involved in commodity deliveries are often located across multiple states, requiring registrations in each state under the current framework, making the process cumbersome, reported Times Of India.</span></p> <p><span style="font-size:14px"><strong>One Nation, One KYC Framework By July </strong></span></p> <p><span style="font-size:14px">The SEBI chief also said the government is expected to introduce a one nation, one KYC framework under the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) by July this year.</span></p> <p><span style="font-size:14px">Earlier, Finance Minister Nirmala Sitharaman had asked SEBI to take the lead in implementing a simplified KYC system across the financial sector.</span></p> <p><span style="font-size:14px">Pandey also said the regulator will soon issue an advisory to market intermediaries regarding risks arising from artificial intelligence-related vulnerabilities and preparedness measures.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 46027 https://knnindia.co.in/news/newsdetails/sectors/banking-insurance-regulators-not-in-favour-of-commodity-derivatives-entry-sebi-chairman 2026-05-06 13:44:15 knnindia.co.in