The Multi-Commodity Exchange (MCX) on April 30, 2026, released a Master Circular consolidating all applicable guidelines related to products in the commodity derivatives market, in line with SEBI regulations dated April 20, 2023.
This circular replaces earlier master circulars (April 28, 2025, and March 17, 2026 corrigendum) and compiles all relevant directions issued up to March 31, 2026. It also rescinds previous circulars listed in its schedule.
The following has been stated:
• Provides a single, comprehensive reference for all product-related rules and guidelines.
• Ensures continuity: any actions, investigations, or proceedings initiated under earlier circulars remain valid.
• Rights, obligations, penalties, and legal proceedings under previous circulars are unaffected.
• The new Master Circular replaces the existing Business Rules of the Exchange.
• Members and stakeholders are advised to review and comply, and may contact the Product Management Team for clarification.
Please refer to the document for more details.
[Circular No: MCX/PMT/254/2026]
