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      <description>DMA is authorised for SEBI-registered FPIs to participate in ETCDs, subject to adherence to the existing DMA framework and the prior circular permitting FPI participation; stock exchanges and brokers must comply with procedural, operational and risk-management requirements including client authorisation and broker-client agreements, amend bye-laws, notify members, publish the provisions and report implementation status to the regulator, with immediate effect.</description>
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