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<h1>Renewal of recognition conditioned on operationalisation of Settlement Guarantee Fund/Trade Guarantee Fund before trading commences.</h1> Renewal of recognition to the Cochin Stock Exchange Limited is granted for one year in respect of contracts in securities, on the basis that renewal is in the interest of trade and the public. The Exchange shall commence trading only after operationalisation of the Settlement Guarantee Fund/Trade Guarantee Fund duly approved by the regulator, and recognition remains subject to stated or subsequently prescribed conditions.