The Securities and Exchange Board of India (SEBI) has withdrawn the recognition granted to Indian Commodity Exchange Limited (ICEX), ending its status as a recognised exchange. The withdrawal was made under section 5(1) of the Securities Contracts (Regulation) Act, 1956, following SEBI’s acceptance of ICEX’s request to voluntarily surrender its recognition. The action follows a SEBI order dated December 10, 2024 permitting ICEX to exit as a stock exchange, with the withdrawal effected via a notification dated December 26, 2024.
Securities & Exchange Board of India 2025-01-02
Securities and Exchange Board of India withdraws Indian Commodity Exchange recognition after voluntary surrender
The Securities and Exchange Board of India (SEBI) has withdrawn the recognition of Indian Commodity Exchange Limited (ICEX) as a recognized exchange. This follows ICEX's voluntary request to surrender its recognition, with SEBI's order permitting the exit dated December 10, 2024, and the withdrawal notification issued on December 26, 2024.