National Commodity Derivatives Exchange lacks definition in 2018 regulations despite its inclusion in the 2012 regulation.

A national commodity derivatives exchange is defined as a demutualized entity with an electronic trading platform, authorized to assist, regulate, or control the trading of commodity derivatives and options in securities, subject to prior approval from the Securities and Exchange Board. Although the 2012 regulation defining this term has been replaced by the 2018 regulations, the specific definition of "National Commodity Derivatives Exchange" is not included in the updated regulation.

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