Mechanism for regular monitoring of short-collection/ non-collection of margins
In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and
in continuation to circular no. MCX/C&S/109/2014 dated March 29, 2014 &
MCX/C&S/172/2014 dated May 02, 2014; the Members of the Exchange are notified as
under:
Forward Markets Commission vide its letter no. 6/11/2012-MKT-I, dated June 27, 2014
has clarified as under:
i. The penalty for short/ non-collection of margins stipulated in the circular dated
14th March, 2014 would continue to be applicable from 1st June, 2014 since
sufficient time has already been given in this regard.
ii. The Exchanges are directed to impose penalty only for actual short/ non-
collection of margins by members from clients and not merely because
members have used a different format for reporting or due to technical errors in reporting.
Members are requested to take note of the same and ensure compliance.
Gitesh Shah
Asst. Vice-President-Market Operations
Kindly contact Customer Support on 022 – 6649 4040 or send an email at
customersupport@mcxindia.com for any clarification.
----------------------------------------------- Corporate office ----------------------------------------------
Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai – 400 093
Multi Commodity Exchange of India Limited
Tel.: 022 – 6649 4000 Fax: 022 – 6649 4151
www.mcxindia.com email: customersupport@mcxindia.com
In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and
in continuation to circular no. MCX/C&S/109/2014 dated March 29, 2014 &
MCX/C&S/172/2014 dated May 02, 2014; the Members of the Exchange are notified as
under:
Forward Markets Commission vide its letter no. 6/11/2012-MKT-I, dated June 27, 2014
has clarified as under:
i. The penalty for short/ non-collection of margins stipulated in the circular dated
14th March, 2014 would continue to be applicable from 1st June, 2014 since
sufficient time has already been given in this regard.
ii. The Exchanges are directed to impose penalty only for actual short/ non-
collection of margins by members from clients and not merely because
members have used a different format for reporting or due to technical errors in reporting.
Members are requested to take note of the same and ensure compliance.
Gitesh Shah
Asst. Vice-President-Market Operations
Kindly contact Customer Support on 022 – 6649 4040 or send an email at
customersupport@mcxindia.com for any clarification.
----------------------------------------------- Corporate office ----------------------------------------------
Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai – 400 093
Multi Commodity Exchange of India Limited
Tel.: 022 – 6649 4000 Fax: 022 – 6649 4151
www.mcxindia.com email: customersupport@mcxindia.com
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