| Multi Commodity Exchange of India announced that SEBI has vide email dated 28 September 2023 forwarded a copy of the letter dated 27 September 2023 from Chennai Financial Markets and Accountability (CFMA) regarding Commodity Derivatives Platform (CDP). It may be noted that writ petitions filed by CFMA on CDP is pending before the Hon'ble Madras High Court for disposal.
The Regulator has informed that since the matter involves technical issues, the same would be discussed in the SEBI Technical Advisory Committee meeting, which would be held shortly. Meanwhile, SEBI has
advised the Exchange to keep the proposed Go-Live of CDP in abeyance.
As the Exchange is ready and keen to go-live as soon as permitted, the Exchange will continue to conduct CDP mock tests pending further directions in the matter from SEBI.
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