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of <h1>SEBI Sets Exit Policy for Commodity Derivatives Exchanges with Inactivity or Low Turnover, Ensures Investor Protection.</h1> The circular outlines the mandatory requirements and exit policy for commodity derivatives exchanges as per the Finance Act, 2015. Exchanges recognized under the Forward Contracts (Regulation) Act, 1952, are now deemed stock exchanges under the Securities Contracts (Regulation) Act, 1956. SEBI is authorized to oversee these exchanges, requiring them to maintain a minimum turnover and market share. Exchanges inactive for over 12 months or failing to meet criteria for two consecutive years must exit. If an exchange suspends trading, it must meet regulatory standards before resuming. SEBI also details asset distribution, dues payment, and investor protection measures for de-recognized exchanges.
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