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SEBI Expands Vault Managers Rules to Cover Bullion Instruments
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Securities and Exchange Board of Indiacorporateregulatoryfinancial_services

SEBI Expands Vault Managers Rules to Cover Bullion Instruments

October 11, 2026

SEBI’s 2026 amendment extends vault manager regulations to gold and silver ETFs and bullion derivatives, enhancing custody, insurance, and investor protection norms.

Product-Neutral Vaulting Framework Introduced

SEBI has notified the SEBI Vault Managers (Amendment) Regulations, 2026, significantly expanding the scope of regulated entities to include custodians of bullion-related instruments like gold and silver ETFs and bullion derivatives. The amendment establishes a product-neutral framework focusing on standardised custody, security, and insurance requirements.

The new rules mandate comprehensive risk disclosures, including insurance coverage details and security protocols for stored assets. Investor protection measures include regular third-party audits, real-time inventory reporting, and compliance certification. These norms align with SEBI’s objective of strengthening trust in commodity-linked financial products.

Legal practitioners in securities and commodities law must now ensure clients comply with expanded due diligence and reporting obligations. The amendments may affect custody agreements, insurance underwriting, and operational risk assessments for vault managers and asset custodians.

Citations

  • SEBI Vault Managers (Amendment) Regulations, 2026
Practice Areas:corporateregulatoryfinancial_services

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