Re issuance of legacy FMC norms: exchanges must disclose terminal disablements, set delivery timelines and collect extreme loss margin. SEBI re issues FMC norms requiring exchanges to disclose member terminal disablements quarterly, set and publish timelines for submission and modification of delivery intentions, and determine and disclose location premium/discount prior to contract launch. SEBI clarifies that extreme loss margin must be collected upfront alongside initial margin and that the specified penalty structure for short collection/non collection applies from T day to ELM as well as initial margin. Exchanges must notify members and publish these provisions on their websites.