MCX allows FPIs to participate in these special segments

The Metals and Energy Exchange (MCX) today issued a circular for foreign portfolio investors (FPIs) to participate. The circular states that the MCX permits participation in eligible cash-settled non-farm commodity derivative contracts by FPIs other than individuals, family offices and corporations.

The Circular reads: “Regarding the provisions of the Rules, Regulations and Regulations of the Multi Commodity Exchange and in continuation of MCX Circular No. MCX/FIM/560/2022 dated September 29, 2022 regarding the ‘Participation of SEBI Registered Overseas Portfolio Investors (FPIs) in Exchange Traded Commodity Derivatives in India”

“Initially, the exchange allows foreign portfolio investors (FPIs) other than individuals, family offices and corporations to participate in eligible cash-settled non-agricultural commodity derivative contracts and indices that comprise such non-agricultural commodities.”

The circular revealed that the eligible position limits for the above FPI category will be the same as the applicable client-level position limits of the respective eligible cash-settled contracts, subject to any rules and regulations issued by SEBI and the Exchange from time to time .

The MCX also clarified that the participation of the above FPIs is subject to compliance with the provisions of the SEBI (Foreign Portfolio Investors) Regulations, 2019, the SEBI (Custodian) Regulations, 1996 and other applicable SEBI circulars relating to ETCDs. MCX allows FPIs to participate in these special segments

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