SEBI Renews Clearing Corporation Recognition of MCXCCL, Mumbai for 3 Years [Read Notification]
MCXCCL, a wholly owned subsidiary of Multi Commodity Exchange of India Ltd (MCX), serves as the dedicated clearing corporation for MCX.
![SEBI Renews Clearing Corporation Recognition of MCXCCL, Mumbai for 3 Years [Read Notification]](https://images.taxscan.in/h-upload/2025/07/19/2065468-sebi-renews-mcxccl-recognition-taxscan.webp "SEBI Renews Clearing Corporation Recognition of MCXCCL, Mumbai for 3 Years [Read Notification]")
The Securities and Exchange Board of India (SEBI) has renewed the recognition of Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), Mumbai as a certified clearing corporation for a further period of three years. The decision, formalized through a notification dated July 14, 2025 comes after a thorough review of MCXCCL’s application for renewal under Regulation 12...
The Securities and Exchange Board of India (SEBI) has renewed the recognition of Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), Mumbai as a certified clearing corporation for a further period of three years.
The decision, formalized through a notification dated July 14, 2025 comes after a thorough review of MCXCCL’s application for renewal under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.
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SEBI has confirmed that the renewal has been effectuated after due scrutiny, and that the same would be in the interest of trade, the securities market, and public interest. The renewed recognition shall be effective from July 31, 2025 and remain valid until July 30, 2028.
MCXCCL is a wholly owned subsidiary of Multi Commodity Exchange of India Ltd (MCX) and serves as the dedicated clearing corporation for MCX, ensuring robust clearing and settlement of trades conducted on the securities exchange.
MCXCCL operates a tightly regulated settlement cycle and assumes counterparty risk for trades on MCX, thereby safeguarding stakeholders and market participants.
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MCXCCL is also responsible for collecting margins, facilitating pay-ins and pay-outs, overseeing delivery and settlement and providing electronic commodity accounting and tracking services through its web-based Commodity Receipts Information Systems (COMRIS) platform.
In the notification, SEBI explicitly stated that the renewal of MCXCCL’s recognition was granted only after being satisfied that it would benefit all key stakeholders: the trading community, the broader securities market, and the public at large.
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The tenure of this renewed recognition is set for three years, beginning July 31, 2025 and set to conclude on July 30, 2028. The recognition is subject to the continued compliance of MCXCCL with all conditions laid down by SEBI and also any additional requirements that may be specified during the period of recognition.
The notification granting the renewal has been undersigned by Ananth Narayan G, Whole Time Member of SEBI.
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