A day after taking charge of commodity market regulations, SEBI on Tuesday issued final norms for traders of commodity derivatives exchanges that need to be complied with.The existing members of commodity derivatives exchanges will be required to make an application for registration with SEBI within three months from September 28.They will be allowed to continue their activities unless their application is rejected by SEBI. Such existing members of commodity derivatives exchanges will be required to comply with the Securities Contract (Regulation) Rules, 1957, within a period of one year from the date of transfer and vesting of rights and assets of FMC with SEBI — by September 28, 2016.

Source : http://www.thehindubusinessline.com/markets/stock-markets/sebi-issues-final-norms-for-commodity-derivatives-brokers/article7703121.ece

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