Testing of software used in or related to Trading and Risk Management

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....ction 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015. This circular applies to National Commodity Derivatives Exchanges (Exchang....

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....13 dated August 19,2013 and circular CIR/MRD/DP/06/2014 February 07, 2014 which are made applicable to the securities market. 4. Since new software or changes to the existing software without proper testing may affect the integrity of the markets, it has been decided to make the provisions of the aforesaid circular also applicable to commodity markets. The major provisions covered are as under: ....