The National Commodity & Derivatives Exchange Limited (NCDEX) on April 15, 2026, issued trading restrictions for Clients with Non-Validated KYC from April 27, 2026.
Pursuant to SEBI and Exchange circulars on KYC simplification and KRA compliance, it has been observed that certain client KYCs remain “On Hold” (for both Aadhaar and non-Aadhaar OVDs) for the period March 1 to March 31, 2026. These clients have not been validated by KYC Registration Agencies (KRAs).
Accordingly, such clients will not be allowed to trade or square off their open positions on the Exchange with effect from April 27, 2026, until their KYC is validated. Any open positions held by these clients will be allowed to expire naturally on contract expiry. However, once the KYC becomes compliant, trading will be re-enabled on a T+1 basis.
Members are advised to refer to the Exchange-provided list of non-validated clients and ensure strict compliance by restricting trading access and closely monitoring any open positions of such clients.
[Circular No. NCDEX/MEMBERSHIP-013/2026]
