The Multi Commodity Exchange (MCX) on January 10, 2025, issued a circular regarding guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
The following has been stated: -
•From January 27, 2025, clients with invalidated KYC (both Aadhaar and non-Aadhaar OVD) uploaded between December 01-31, 2024, will not trade or square up positions until their KYC is validated.
•The list of non-validated clients will be shared with members. Clients whose KYC becomes compliant will be allowed to trade from the next trading day.
•Members are advised to ensure compliance by monitoring client positions.
[Circular No. MCX/S&I/018/2025]
