The Multi-Commodity Exchange of India Limited (MCX) on February 06, 2026, issued clarifications on the computation of Variable Networth.
The following has been stated: -
•MCX clarified that the variable Networth requirement remains 10% of the average daily client cash balance retained by members across segments/exchanges over the previous six months.
•Although SEBI (Stock Brokers) Regulations, 2026, provide that SEBI will specify revised requirements, no new norms have been issued yet.
•Until further notification by SEBI, members must continue complying with the existing requirement under the 1992 Regulations.
•Members have been advised to take note and ensure ongoing compliance.
The detailed circular is given in the document below.
[MCX Circular no.: MCX/MEM/065/2026]
