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    <title>Spot Price Polling Mechanism</title>
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    <description>SEBI requires commodity derivatives exchanges to have a documented spot price polling policy, display the polling mechanism and contract-specific details online, and disclose whether polling is outsourced. Exchanges must publish coded participant details (location, profession, quoted price, timestamp) daily and retain records for three years post-expiry. They must increase sample size during the last 15 days, review participants monthly to identify and discipline unrealistic pollers, provide a feedback window with audit trail and time bound redressal, amend bylaws, notify brokers, and report implementation to SEBI.</description>
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