TMI BlogSecurities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015.X X X X Extracts X X X X X X X X Extracts X X X X ..... orporations) (Amendment) Regulations, 2015 No.SEBI/LAD-NRO/GN/2015-16/016.- In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act, 1956 read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992 , the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities Contract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the following shall be inserted, namely,- (fa) commodity derivatives exchange means a recognized stock exchange which assists, regulates or controls the business of buying, selling or dealing only in commodity derivatives. (c) after clause (i) and before clause (j), the following shall be inserted, namely,- (ia) national commodity derivatives exchange means a commodity derivative ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anges. (1) Every commodity derivatives exchange shall comply with the provisions for recognized stock exchanges in these regulations in the manner and within the timelines as specified by the Board: Provided that- (a) a commodity derivatives exchange may continue with the existing arrangement for clearing and settlement of trades for a period not exceeding three years from the date of co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... permission of the Board; (d) every national commodity derivatives exchange shall credit the settlement related penalties to its Settlement Guarantee Fund and other penalties to its Investor Protection Fund and every regional commodity derivatives exchange shall credit all penalties to its Settlement Guarantee Fund till such time as may be specified by the Board. (2) Every commodity derivati ..... X X X X Extracts X X X X X X X X Extracts X X X X
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