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Product Advisory Committees for commodity derivatives to guide contract design and market disclosures, mandating stakeholder representation and confidentiality. Requires recognised exchanges with commodity derivatives segments to constitute a Product Advisory Committee for each commodity group to advise on contract design and review, delivery centres, market state, participant feedback, and contract performance. PACs must have balanced stakeholder representation including independent experts and exchange executives, meet at least twice yearly with specified quorum, and operate under confidentiality and conflict-of-interest rules. Exchanges must disclose PAC composition and terms, may publicise agendas, ensure annual Regulatory Oversight Committee review, amend bylaws, notify brokers, publish provisions online, and report implementation status to the regulator.
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Provisions expressly mentioned in the judgment/order text.
Product Advisory Committees for commodity derivatives to guide contract design and market disclosures, mandating stakeholder representation and confidentiality.
Requires recognised exchanges with commodity derivatives segments to constitute a Product Advisory Committee for each commodity group to advise on contract design and review, delivery centres, market state, participant feedback, and contract performance. PACs must have balanced stakeholder representation including independent experts and exchange executives, meet at least twice yearly with specified quorum, and operate under confidentiality and conflict-of-interest rules. Exchanges must disclose PAC composition and terms, may publicise agendas, ensure annual Regulatory Oversight Committee review, amend bylaws, notify brokers, publish provisions online, and report implementation status to the regulator.
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