Live Eventsas a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelThe Securities and Exchange Board of India (SEBI) has proposed allowing Foreign Portfolio Investors (FPIs) to participate in non-cash settled, or physically settled, non-agricultural commodity derivative contracts traded on recognised domestic exchanges, subject to a set of safeguards.The move is aimed at deepening institutional participation and liquidity in India's commodity derivatives market. It will be treated as a normal market trade for all purposes, including exchange transaction charges, SEBI turnover fees, Commodity Transaction Tax (CTT), stamp duty and GST on turnover charges.Once the transfer is executed, the FPI's open position will be deemed to be closed. The FPI will cease to have any further right, title, obligation or exposure in respect of the position, including in relation to the tender or delivery process. Existing provisions relating to transfer of positions between client codes applicable to non-institutional transfers, error accounts or off-market transfers will also not apply to this arrangement.