Circular no.: MCX/MEM/044/2012 February 2, 2012
In terms of the provisions of the Rules, Bye-Laws, and Business Rules and in continuation to circular no.MCX/MEM/282/2010 dated August 7, 2010 the members are hereby informed that Forward Markets Commission (FMC) vide its letter no. 6/3/2008- MKT-II dated January 11, 2012, has issued amendments to the Regulatory Framework for Market Access through Authorised Persons in Commodity Futures Market. The copy of the same is attached as Annexure 1. As per one of the major amendments in the revised framework, the Co-operative Society shall now be eligible to be appointed as an Authorised Person.
Members are requested to refer revised guidelines and take note of the same while dealing with the Authorised Persons.
The relevant documents required for making application for appointment of Authorised Persons are also available at the following link: www.mcxindia.com/Membership/Authorised Person
Members are requested to take note of the same.
J. B. Ram
Sr. Vice President
Membership & Inspection
Kindly contact Membership Team on 022-66494080 or send an email at apcell@mcxindia.com for further clarification.
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