TaxTMI 
TaxTMI 
Spot Price Polling Mechanism
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....tructions, 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associations under the FCRA would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015), or till such time as notified by SEBI, whichever is earlier. 2. Erstwhile FMC, from time to time, had prescribed various norm....
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....ination 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. Particulars Details 1. Details of the contract 2. Mecha....
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....ry day for every contract traded on the exchange platform. 4.3.3. The information shall continue to be displayed even after the expiry of the contract for a period of 3 years. 4.4. endeavour in increasing the sample size used for fixing the daily spot prices during the last 15 days of the contract . 4.5. review on a monthly basis the prices polled by the participants to identify participants ha....
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.... protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 7. 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 the Exchange and also to disseminate the same on their website. iii. communica....