Commodity derivatives exchange obligations: compliance, restricted non core activities, transitional clearing arrangements and settlement guarantee requirements. Regulation 44D requires commodity derivatives exchanges to comply with stock exchange provisions as directed by the Board, permits limited transitional continuation of existing clearing and settlement arrangements pending transfer to a separate clearing corporation with certain clearing provisions still applying, restricts non core activities without Board permission, and mandates allocation of penalties to the Settlement Guarantee Fund and Investor Protection Fund as specified, while requiring guarantee for settlement of trades including good delivery.