MCX notified regarding the Same PAN against

Feb 01, 2025 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Multi Commodity Exchange of India Limited (MCX) on January 31, 2025, issued the notification regarding the Same PAN against multiple Algo Terminals.

The following has been stated namely: -

• The Exchange has set a maximum limit of 30 algo user Ids (CTCL ids) that can be mapped to a single PAN.

• This limit will be increased to 40 ids with effect from February 03, 2025.

• Members are required to ensure that all necessary risk management measures in this regard are in place and such Ids are used by the approved users only for Algo trading.

[Notification No. MCX/TRD/053/2025]

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