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of <h1>SEBI Extends Norms for Commodity Derivatives Exchanges: Settlement Guarantee Fund, Stress Testing, Base Minimum Capital Updated.</h1> The Securities and Exchange Board of India (SEBI) issued a circular addressing the continuation of norms for national commodity derivatives exchanges regarding the Settlement Guarantee Fund (SGF), stress testing, and Base Minimum Capital (BMC). These norms, initially set by the former Forward Markets Commission (FMC), will remain effective beyond September 28, 2016, unless modified by SEBI. The circular also removes the yearly cap on exchange contributions to the SGF and adjusts BMC requirements. Exchanges are instructed to inform their members and publish this information on their websites. This directive aims to protect investors and regulate the securities market.
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