The Multi-Commodity Exchange of India Limited (MCX) on April 15, 2026, issued Guidelines in pursuance of the amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
The following has been stated: -
•Clients whose KYC remains “On Hold” with KRAs for records uploaded between March 01 and March 31, 2026, will not be permitted to trade or square off their open positions from April 27, 2026, until their KYC is validated.
•Any existing open positions in such cases will be allowed to expire on the respective contract expiry dates.
•The Exchange will share the list of such non-validated clients with members via their registered email IDs.
•Once the KYC becomes compliant, trading will be permitted on a T+1 basis based on KRA updates.
•Members are advised to strictly ensure that such clients are not allowed to trade and to closely monitor their open positions to maintain compliance.
[Circular no.: MCX/S&I/199/2026]
