Principles for Financial Market Infrastructures applicability requires systemically important commodity exchanges to comply until clearing is transferred. Commodity derivatives exchanges that provide in-house clearing and settlement and meet the specified turnover threshold are designated as systemically important FMIs and must comply with the Principles for Financial Market Infrastructures applicable to central counterparties until their clearing and settlement functions are transferred to recognised clearing corporations; SEBI may grant transitional timelines and review the quantitative criteria.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Principles for Financial Market Infrastructures applicability requires systemically important commodity exchanges to comply until clearing is transferred.
Commodity derivatives exchanges that provide in-house clearing and settlement and meet the specified turnover threshold are designated as systemically important FMIs and must comply with the Principles for Financial Market Infrastructures applicable to central counterparties until their clearing and settlement functions are transferred to recognised clearing corporations; SEBI may grant transitional timelines and review the quantitative criteria.
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