## Policy Summary: SEBI Recognition of Multi Commodity Exchange Clearing Corporation Limited
This notification, issued by the Securities and Exchange Board of India (SEBI) on July 30, 2018, announces the grant of recognition to Multi Commodity Exchange Clearing Corporation Limited, located at Exchange Square, CTS No. 225, Suren Road, Chakala, Andheri East, Mumbai – 400093, Maharashtra. The recognition is granted under Regulation 4 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012, and in exercise of powers conferred by section 4 read with subsection 4 of section 8A of the Securities Contracts Regulation Act, 1956.
The recognition is effective for one year, commencing on July 31, 2018, and ending on July 30, 2019. This recognition is subject to the condition that the Clearing Corporation complies with all conditions specified by SEBI from time to time.
The decision to grant recognition was based on SEBI's assessment that it would be in the interest of trade, the securities market, and the public interest.
The notification was issued by Ajay Tyagi, Chairman, SEBI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body granting recognition in the notification.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which the application for recognition was considered.
Multi Commodity Exchange Clearing Corporation Limited: The clearing corporation applying for recognition.
Mumbai, Maharashtra: Location of the Multi Commodity Exchange Clearing Corporation Limited.
Securities Contracts Regulation Act, 1956: Act under which the powers are conferred to grant recognition.
Ajay Tyagi: Chairman of SEBI.
New Delhi: Location of Government of India Press.
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[िवGापन-III/4/असा./160/18]
4402 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 30th July, 2018
No. SEBI/LAD-NRO/GN/2018/28.—The Securities and Exchange Board of India, having
considered the application for grant of recognition under Regulation 4 of the Securities Contracts (Regulation)
(Stock Exchanges and Clearing Corporations) Regulations, 2012 by Multi Commodity Exchange Clearing
Corporation Limited, Exchange Square, CTS No.225, Suren Road, Chakala, Andheri East, Mumbai-400093,
Maharashtra and being satisfied that it would be in the interest of the trade, in the interest of securities market
and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 read
with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, recognition to the said
clearing corporation for one year commencing on 31st day of July, 2018 and ending on the 30th day of July,
2019 subject to the conditions stated herein below or as may be prescribed or imposed hereafter:
• The Clearing Corporation shall comply with conditions specified by SEBI from time to time.
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./160/18]
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and Published by the Controller of Publications, Delhi-110054.