SEBI allows FPIs to trade more commodity derivatives

SEBI has expanded investment avenues for foreign portfolio investors (FPIs) in exchange-traded commodity derivatives, permitting participation in non-agricultural index and non-cash-settled contracts. FPIs must exit positions before the Tender Period (T-3 days before expiry) and cannot increase positions from T-3 onwards. A mandatory agreement with trading members is required to manage position squaring.