Applicability of Circulars issued for Commodity Derivatives markets
Summary
SEBI clarifies that the separate category of Commodity Derivatives Exchanges is abolished effective October 1, 2018. Consequently, all existing norms for such exchanges now apply to their commodity derivatives segments within Recognised Stock Exchanges and Clearing Corporations. This circular is issued under Section 11(1) of the SEBI Act, 1992, to regulate the securities market.
Text
there would be no separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018.
all the norms issued for Commodity Derivatives Exchanges till date shall be applicable to Commodity Derivatives Segments of Recognised Stock Exchanges/Recognised Clearing Corporations to the extent applicable.
The circular shall be effective from October 1, 2018.
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Applicability of Circulars issued for Commodity Derivatives markets. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.