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of <h1>SEBI Directs Margin Penalties in Commodity Derivatives to Core SGF, Ensuring Compliance with 2018 Regulations.</h1> The Securities and Exchange Board of India (SEBI) issued a circular mandating that penalties for short-collection or non-collection of margins in the commodity derivatives segment be credited to the Core Settlement Guarantee Fund (SGF) instead of the Investor Protection Fund (IPF). This change aims to ensure compliance with the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. Any penalties previously credited to IPF must be transferred to Core SGF, effective from the commencement of clearing functions for commodity derivatives. This directive is effective immediately and aims to protect investor interests and regulate the securities market.
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