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<h1>SEBI Requires Commodity Exchanges to Preserve Records for 5 Years Post-FMC Merger, Effective September 29, 2016.</h1> The circular issued by SEBI mandates that all commodity derivatives exchanges and their members comply with the Securities Contract (Regulation) Rules, 1957, and SEBI (Stock-Brokers and Sub-Brokers) Regulations, 1992, following the merger with FMC. It requires the maintenance and preservation of specified books and documents for two to five years, with stock brokers required to preserve records for at least five years. The circular, effective September 29, 2016, aims to protect investor interests and regulate the securities market. Exchanges must amend relevant rules, inform stock brokers, and report implementation status to SEBI.