Disclosure by Commodity Derivative Exchanges on their Websites
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....EBI, whichever is earlier. 2. In the past the erstwhile FMC had issued various directives regarding disclosures by Commodity Derivative Exchanges on website. This circular is being issued to consolidate and update such norms. 3. To promote transparency in the markets Exchanges shall disclose following info on their website- a. Position of top 10 trading clients in buy side as well as sell side in order of maximum open interest in anonymous manner every day after the end of trading session b. The delivery intent of the hedgers on a daily basis in an anonymous manner c. The pay-in and pay-out of commodities made by top 10 clients including hedgers 10 days after completion of settlement, for the information of the market d. Their mem....
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....the exchanges are required to make requisite disclosures. 6. The provisions of this circular shall come into effect from September 29, 2016 in supersession of all earlier directives issued by erstwhile FMC with regard to matters related to disclosures by Exchanges on their website. 7. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 8. The Exchanges are advised to: i. To make necessary amendments to the relevant bye-laws, rules and regulations. ii. Bring the provisions of this circular to the notice of the stock brokers of th....
TaxTMI
TaxTMI