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<h1>SEBI Amends 2012 Regulations: New Definitions for Commodity Derivatives Exchanges, Approval Required for New Segments.</h1> The Securities and Exchange Board of India (SEBI) issued the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015, effective from September 28, 2015. These amendments modify the 2012 regulations by redefining terms such as 'clearing member' and introducing new definitions for 'commodity derivatives exchange,' 'national commodity derivatives exchange,' and 'regional commodity derivatives exchange.' Additionally, the amendments mandate that stock exchanges, including commodity derivatives exchanges, seek SEBI's approval before introducing new segments. Commodity derivatives exchanges must comply with specific provisions and ensure the settlement of trades, with penalties directed to designated funds.