https://www.taxtmi.com/circulars?id=67447 SEBI's Master Circular consolidates and updates the regulatory framework for the commodity derivatives segment, rescinding specified prior circulars while preserving prior actions and pending applications, and mandates compliance by recognized stock exchanges and clearing corporations. It prescribes operational norms (trading hours, transaction charges, UCC/PAN, disclosures), product governance (eligibility, PAC oversight, contract approval), risk management (DPL, position limits, margining, SGF, stress testing, cross margin) and participant, technology and cyber resilience standards, including an SOP and tiered financial disincentive for technical glitches and disaster recovery failures. en-us Fri, 04 Aug 2023 00:00:00 +0530 Fri, 24 May 2024 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67447 SEBI's Master Circular consolidates and updates the regulatory framework for the commodity derivatives segment, rescinding specified prior circulars while preserving prior actions and pending applications, and mandates compliance by recognized stock exchanges and clearing corporations. It prescribes operational norms (trading hours, transaction charges, UCC/PAN, disclosures), product governance (eligibility, PAC oversight, contract approval), risk management (DPL, position limits, margining, SGF, stress testing, cross margin) and participant, technology and cyber resilience standards, including an SOP and tiered financial disincentive for technical glitches and disaster recovery failures. Circulars SEBI Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67447