MCX, the largest commodity derivatives exchange, mentioned that they presented their responses to the CFMA complaints to Sebi and, following due process, the regulator’s Technical Advisory Committee approved it.
“The Sebi Technical Advisory Committee has recommended that MCX and MCXCCL may initiate the CDP and inform Sebi of the proposed start date. As a result, Sebi has rescinded its instructions to MCX and MCXCCL to suspend the planned initiation of the CDP,” MCX stated in an exchange filing.
MCX had initially intended to introduce the CDP on October 3. However, they have not revealed the new launch date yet.
First Published: Oct 8 2023 | 3:26 PM IST