New SEBI scheme for Commodity Derivatives Trainers
Published: Jun 01, 2017
By TIOLCORP News Service
MUMBAI, JUNE 01, 2017: With a view to spreading awareness about commodities derivatives among various stakeholders of commodities derivatives market such as farmers, Farmer Producers organisations (FPOs), hedgers, producers, manufactures, processors, traders, exporters, importers, end-users, consumers etc., a Scheme has been formulated whereby eligible entities interested in conducting commodities awareness programs may approach Securities and Exchange Board of India (SEBI) for recognition.
SEBI, under this scheme, will recognize entities which can impart education in the field of commodity derivatives on topics such as forward/ futures contracts, hedging, risks etc., related to the commodities derivatives market. The aim of the Scheme is to reach the farmers/ producers, farmers cooperatives/ groups etc. in various parts of the country. Recognised Commodities Derivatives Trainers (CoTs) are expected to organise programs in small towns/ rural areas or places where majority of target participants are concentrated etc. so as to provide easy access to farmers and other stakeholders.
Applicants under this scheme can be a trust/ society/ company /institution/ NGO etc. in the field of education/ other developmental/ ancillary activities pertaining to commodity derivatives which are traded on commodity exchanges, to become CoTs for SEBI.
