Settlement Guarantee Fund, Stress Testing and Base Minimum Capital

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..... e Minimum Capital 1. As per Section 131 (4) 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 from the .....

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..... requirement by exchange to SGF (5% of gross revenue net of income tax), and vide circulars CIR/CDMRD/DRMP/01/2015 dated October 01, 2015 and SEBI/HO/CDMRD/DRMP/CIR/P/2016/77 dated September 01, 2016 has modified BMC requirements for members of exchanges. 4. It has been decided that the norms specified by erstwhile FMC vide the circulars mentioned in paragraph 2 (to the extent not modified by SE .....

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