The Multi Commodity Exchange of India Limited (MCX) on December 09, 2024, issued Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
It is hereby informed that the clients whose KYCs are not found to be validated by KRAs i.e. where the KYCs are “On Hold” for any reasons (both AADHAAR and Non-AADHAR based OVD) uploaded to the KRA from November 01, 2024, to November 30, 2024, shall neither be Permitted to Trade on the Exchange nor will they be allowed to square up their open positions, if any, w.e.f December 23, 2024, until they comply with the validation requirements. Eventually, such open positions will naturally expire on the expiry date of the respective contract.
The list of non-validated clients mentioned above will be provided on your designated Email ID.
All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange.
In view of the above, all the members are advised to take note of the same and ensure that clients whose KYCs are not found to be validated by KRAs are not permitted to trade.
[Circular no.: MCX/S&I/806/2024]
