SEBI tightens rules to safeguard gold and silver held for ETFs

SEBI has approved tighter rules for vaults storing gold and silver for ETFs and other regulated bullion products. The framework will cover vault managers' financial strength, security, storage, segregation and record-keeping, extending beyond Electronic Gold Receipts (EGRs). SEBI will raise the minimum net worth requirement for vault managers from ₹50 crore to ₹75 crore.