https://www.taxtmi.com/circulars?id=66687 The circular exempts members exclusively of commodity derivatives exchanges from the revised Trading Preferences format and requires them to use the FMC consent format listing national commodity exchanges where clients sign for permitted exchanges, with separate consent for later additions. Brokers must provide an opt-out facility to new and existing clients, obtain written negative consent separately, and retain such records for at least five years. Exchanges must notify brokers, amend rules, monitor compliance via half-yearly audits and inspections, and report implementation monthly to SEBI. en-us Tue, 01 Aug 2023 00:00:00 +0530 Wed, 02 Aug 2023 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66687 The circular exempts members exclusively of commodity derivatives exchanges from the revised Trading Preferences format and requires them to use the FMC consent format listing national commodity exchanges where clients sign for permitted exchanges, with separate consent for later additions. Brokers must provide an opt-out facility to new and existing clients, obtain written negative consent separately, and retain such records for at least five years. Exchanges must notify brokers, amend rules, monitor compliance via half-yearly audits and inspections, and report implementation monthly to SEBI. Circulars SEBI Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66687