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<h1>SEBI Issues Guidelines for Investor Protection and Service Funds at Commodity Exchanges; Details on Management and Compensation.</h1> The circular issued by SEBI provides comprehensive guidelines for the Investor Protection Fund (IPF) and Investor Service Fund (ISF) at National Commodity Derivatives Exchanges. It outlines the constitution and management of the IPF, including the composition of trustees and contributions from penalties and turnover fees. It specifies eligibility and determination of claims, compensation limits, and disbursement procedures. The circular mandates the establishment of the ISF to provide investor services and education, with funding from exchange contributions and turnover fees. It emphasizes the separation of IPF and ISF funds, effective management, and periodic reviews for fund enhancement. The provisions are effective from July 1, 2017.