Guidelines with respect to the incentives under the Liquidity Enhancement Scheme (LES) in Commodity Derivatives Contracts

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SEBI prescribed guidelines for the Liquidity Enhancement Scheme in commodity derivatives contracts in March 2018, subject to certain conditions stipulated vide April 2014 circular. However, since an exchange in nascent stage of business may not be able to generate profits or have free reserves from business operations, SEBI, vide circular dated July 26, 2019, has exempted such exchanges from above mentioned guidelines and prescribed new guidelines with respect to the incentives under the liquidity enhancement scheme.

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