Product Advisory Committee

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....commodity derivatives contract so that it caters to the needs of the physical market participants and based on the advice of the Commodity Derivatives Advisory Committee (CDAC), it has been decided that each recognised stock exchange dealing in commodity derivatives segment shall constitute a Product Advisory Committee (PAC) for each group/complex of commodities having common stakeholders/value ch....

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....eedback/complaints received by the exchange regarding the commodity/contract and action taken thereon. * Performance review of the existing contracts on various parameters. * Any other related matter thereof. Exchange shall have the right to accept, reject or modify any recommendations made to it by the PAC, by recording the reasons thereof. 1.2. Composition a) The PAC shall have a balanced....

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....e in the specific commodity) selected as such for the meeting based on attendees' choice. PAC shall have an exchange executive as Vice Chairman for administrative coordination/decision. 1.3. Proceeding of meetings a) The PAC shall meet at least twice a year and more frequently as and when required. b) The Exchange shall prepare the agenda for the meeting based on the views and requirements of v....

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....nless outside consultation is specifically agreed, all matters discussed and all materials and data made available to them in respect of their Committee-related activities are kept confidential at all times. Exchange shall formulate a code of conduct to be adhered to as a member of the Committee. b) If there is a conflict of interest arising for a member out of any matter proposed to be discussed....