Read the following statements carefully:1. The Securities and Exchange Board of India (SEBI) allowed custodial services in the commodity derivatives market.2. The move is aimed at enabling the participation of institutional investors such as mutual funds and portfolio managers in the commodity derivatives market.3. Under the new framework, existing custodians will be permitted to add commodities as an lability class.Which of the above statements is/are true?

• A. Only 1
• B. Only 1 and 2
• C. Only 1 and 3
• D. Only 2 and 3
• E. All of the above