SEBI Issues Directions to NCDEX Regarding Trading in Mustard Seed Contracts
Moneylife Digital Team 08 October 2021
Market regulator Securities and Exchange Board of India (SEBI) has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX) today, in respect of trading in Mustard Seed contracts:
 
 1. No new Mustard Seed contract shall be launched till further orders. 
 2. In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed.
 3. These directions will be implemented with immediate effect.
 
SEBI has directed the National Commodity & Derivatives Exchange Limited (NCDEX), not to launch new mustard seed contracts until further notice. It has also said that no new positions will be allowed in respect of running contracts. They can only be squared up. The directions, which have to be implemented immediately, were made public by the regulator this morning.
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