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TMI BlogCommodity derivatives – miscellaneous normsX X X X Extracts X X X X X X X X Extracts X X X X ..... cified by erstwhile FMC 1. As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission (FMC) or the Central Government applicable to recognised associations under the Forward Contracts Regulation Act, 1952 (FCRA) would continue to remain in force for a period of one year fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inals of the members along with duration of disablement due to shortage of funds, margin money etc., shall be disclosed by Exchange on its website at the end of every quarter i.e., 30th June, 30th September, 31st December and 31st March. b. Timelines for marking delivery intention: Exchanges may decide the timelines for submission of delivery instruction by members based on their assessment of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upfront and the penalty structure specified in clause 3(iv) of the said circular is applicable from T day for ELM too. 5. The word Section 131 (4) in paragraph 1 of the below mentioned list of circulars may be read as Section 131 [B] : a. Circular SEBI/HO/CDMRD/DMP/CIR/P/2016/71 dated August 19, 2016 b. Circular SEBI/HO/CDMRD/DMP/CIR/P/2016/72 dated August 19, 2016 c. Circular SEBI/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interest f investors in securities and to promote the development of, and regulate the securities market. 8. This circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Shashi Kumar General Manager Division of Risk Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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