Recognised association status granted to exchange subject to compliance with operational, data retention and reporting obligations. Indian Commodity Exchange Limited is notified as a recognised association for commodity derivatives trading subject to conditions: obtain regulatory approval for derivatives trading or ensure recording and storage of client particulars (including unique client identity number and PAN); maintain a complete audit trail of derivative transactions for at least seven years; prevent erasure of registered transactions; permit modification only for genuine errors while retaining data of modified transactions; and submit a monthly Form No. 3BC to the Director General (Intelligence and Criminal Investigation).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recognised association status granted to exchange subject to compliance with operational, data retention and reporting obligations.
Indian Commodity Exchange Limited is notified as a recognised association for commodity derivatives trading subject to conditions: obtain regulatory approval for derivatives trading or ensure recording and storage of client particulars (including unique client identity number and PAN); maintain a complete audit trail of derivative transactions for at least seven years; prevent erasure of registered transactions; permit modification only for genuine errors while retaining data of modified transactions; and submit a monthly Form No. 3BC to the Director General (Intelligence and Criminal Investigation).
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