Guidelines for Liquidity Enhancement Scheme (LES) in Commodity Derivatives Contracts

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..... ent Dear Sir / Madam, Sub: Guidelines for Liquidity Enhancement Scheme (LES) in Commodity Derivatives Contracts 1. SEBI vide circular SEBI/HO/CDMRD/DMP/CIR/P/2018/55 dated March 26, 2018 had issued guidelines for LES in Commodity Derivatives Contracts subject to certain conditions stipulated vide Circular No. CIR/MRD/DP/14/2014 dated April 23, 2014. 2. The .....

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..... . Further, the stock exchange shall ensure that this is in compliance with the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 at all times.' 3. An exchange in early years of its formation/commencement of business may not be able to generate profits or have free reserves from business operations. In this regard, it has now been decided .....

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..... ously comply with the minimum net-worth requirement as per Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 . 4. The provisions of this circular shall be effective from the date of this circular. 5. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 .....

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