SEBI has withdrawn the permanent recognition given to ICEX

On Thursday, market regulator SEBI said it had withdrawn its recognition of the Indian Commodity Exchange Limited (ICEX).
The Board of Securities and Exchange of India has withdrawn its recognition of Indian Commodity Exchange Limited through a notification dated May 18, 2022, “said a press release issued by the regulator.

Recognition was withdrawn following an order passed by SEBI on May 10 after the share was found to be non-compliant on a number of grounds, including net worth and infrastructural requirements.

As a result of the withdrawal, funds from ICEX’s Investor Protection Fund and ICEX’s Investor Services Fund have been directed to be transferred to Sebi’s Investor Protection and Education Fund.

LIC share price, LIC stock

LIC share price fell 10% from IPO price, down for third day in a row since listing; Should you buy, sell, keep?

Share market, market crash, BSE Sensex, NSE Nifty 50

Weak global indicators, inflation fears, Nifty on continued FII sales, Sensex fall 2%; What should investors do?

Share Market Today, Share Market Live

Market Live: Sensex Tanks 1000 points, Nifty support at 15900 on F&O expiration day; D-St follows Wall Street losses

Share Market Today, Share Market Live

Market Live: Sensex Increases Losses, Tank 1300 Points, Nifty 15850 Below F&O Expiration Day; RIL, Infosys pulls

In addition, it has been asked to set aside sufficient funds for settlement of any claim, to pay arrears to SEBI and to pay SEBI registration fee by its trading members as per the rules of brokers.

Further, ICEX has been asked to refrain from using ‘stock exchange’ or any variant in its name or in the name of its affiliate.
The ICEX was recognized as an exchange under the Forward Agreement through a notification issued by the Central Government on a permanent basis in October 2009.

Related Posts

Leave a Reply

Your email address will not be published.