https://www.taxtmi.com/circulars?id=57751 Master Circular consolidates SEBI directives for the commodity derivatives market requiring exchanges to comply with SCRA and SECC Regulations, segregate clearing and settlement to a separate clearing corporation within timelines, satisfy networth, ownership and governance norms, and maintain oversight, compliance and disclosure regimes. It prescribes uniform trading/product rules (UCC/PAN, DPL, position limits, options design), detailed warehousing accreditation and operational standards for WSPs/assayers, and a comprehensive risk management framework (real time margins, ELM, concentration margins, SGF, BMC, risk reduction mode). Technology, annual system audits, BCP/DR and a cyber security/resilience framework are mandated. en-us Fri, 07 Sep 2018 00:00:00 +0530 Tue, 27 Nov 2018 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57751 Master Circular consolidates SEBI directives for the commodity derivatives market requiring exchanges to comply with SCRA and SECC Regulations, segregate clearing and settlement to a separate clearing corporation within timelines, satisfy networth, ownership and governance norms, and maintain oversight, compliance and disclosure regimes. It prescribes uniform trading/product rules (UCC/PAN, DPL, position limits, options design), detailed warehousing accreditation and operational standards for WSPs/assayers, and a comprehensive risk management framework (real time margins, ELM, concentration margins, SGF, BMC, risk reduction mode). Technology, annual system audits, BCP/DR and a cyber security/resilience framework are mandated. Circulars SEBI Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57751