TMI BlogTrading Preferences by Clients – Applicability for commodity derivativesX X X X Extracts X X X X X X X X Extracts X X X X ..... Applicability for commodity derivatives 1. SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/95 dated June 21, 2023 , prescribed a revised format of Trading Preferences to be provided by clients to their respective stock brokers with the intent of allowing such clients access to all the exchanges for the same segment. 2. SEBI, vide its circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d June 21, 2023 , shall not be made applicable to members registered exclusively with commodity derivatives exchanges. Such members shall use the format as prescribed by the erstwhile Forward Markets Commission (FMC) vide its circular no. FMC/COMPL/IV/KRA-05/11/14 dated February 26, 2015, which is as under: D. TRADING PREFERENCE Note: Please sign in the relevant boxes against the Exchang ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the form, the Member must specify the names of the Exchanges where the Member has membership. [In case of allowing a client for trading on any other Exchange at a later date, which is not selected now, a separate consent letter is required to be obtained by the Member from client and to be kept as enclosure with this document] 4. Further, with reference to para 6 of the SEBI circular ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through half yearly internal audit and inspection of the stock brokers; and 6.4. communicate to SEBI, the status of the implementation of the provisions of this circular in their monthly development report. 7. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 , to protect the interests of investors in securi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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