SEBI Renews Metropolitan Stock Exchange Recognition 2024

On 13th September 2024, SEBI issued a notification granting the renewal of recognition to the Metropolitan Stock Exchange of India Limited (MSE) under Section 4 of the Securities Contracts (Regulation) Act, 1956. This renewal is for a one-year period, starting from 16th September 2024 and ending on 15th September 2025. MSE, headquartered in Mumbai, had applied for this extension under Section 3 of the same Act. SEBI’s decision to renew the recognition is based on the consideration of trade and public interest. The recognition allows the exchange to continue operating contracts in securities. SEBI has also stipulated that MSE must comply with any conditions prescribed or imposed during this period. The exchange will remain subject to ongoing regulatory oversight to ensure compliance with SEBI’s requirements throughout the extended recognition period.

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 13th September, 2024

No. SEBI/LAD-NRO/GN/2024/204.—The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by Metropolitan Stock Exchange of India Limited, having its registered office at Building A, Unit 205A, 2^nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S. Road, Kurla (West), Mumbai-400070 and being satisfied that it would be in the interest of trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred under section 4 of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Exchange under section 4 of the said Act for a period of one year commencing on the 16^th day of September, 2024 and ending on the 15^th day of September, 2025 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter:

• The Exchange shall comply with conditions as may be prescribed by SEBI from time to time

ANANTH NARAYAN G, Whole Time Member
[ADVT.-III/4/Exty./492/2024-25]