A brief on Collateral Management Companies Regulations 2019
A brief on Collateral Management Companies Regulations
Collateral Management Companies Regulations, 2019 [“Regulations”]have been promulgated vide S.R.O. 890(I)/2019 dated 31 July 2019 under section 457 of the Companies Act, 2017 dealing with Agriculture Promotion Companies, and Futures Market Act, 2016.
These Regulations provides procedures to register a Collateral Management Companies [“CMC”] which would promote the concept of warehousing, and other trading of Electronic Warehousing Receipt [“EWR”] which is a transferable and tradable at futures exchange. In addition, finance can be obtained by pledging EWR with financial institutions.
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