Operating policy governance requires transparent, enforceable platform rules, participant safeguards, and prompt disclosure of material changes. Electronic Trading Platform operators must maintain a board-approved operating policy that is fair, transparent, non-discriminatory, legally binding and ... Summary
Operating policy governance requires transparent, enforceable platform rules, participant safeguards, and prompt disclosure of material changes.
Electronic Trading Platform operators must maintain a board-approved operating policy that is fair, transparent, non-discriminatory, legally binding and enforceable against participants. It must address participant onboarding, suspension and termination, operator responsibilities, breach liability, platform-use conditions, order execution, risk controls, and complaint and dispute mechanisms. Material changes affecting contractual performance must be promptly intimated to the Competent Authority. Operators must ensure participant compliance, correct policy deficiencies promptly, and publish the policy and its changes on their official website.
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