Spot Price Polling Mechanism

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....nance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable to recognized associations under the FCRA would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015), or till such time as notified by SEBI, whichever is earlier. 2. Erstw....

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....nsparency of spot price polling process and dissemination of spot prices arrived at through spot price polling process, the commodity derivatives exchanges are directed to: 4.1. have a well laid down and documented policy for the spot price polling mechanism. 4.2. display the spot price polling mechanism adopted for every contract on its website along with following details: S. No. Par....

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....bsp;     4.3.1. The Exchanges may assign a code such A1, A2, A3...etc. for poling participants of a particular contract and reveal his location and price (s) for the day. 4.3.2. This information shall be updated on Exchange website every day for every contract traded on the exchange platform. 4.3.3. The information shall continue to be displayed even after the expiry of th....

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....n supersession of all earlier directives issued by erstwhile FMC with regard to matters related to 'spot price polling'. 6. 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. 7. T....