SEBI Renews Recognition of MCXCCL as Clearing Corporation

Current Context: On July 14, 2025, SEBI renewed the recognition of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) as a clearing corporation for a three-year term, effective from July 31, 2025 to July 30, 2028.

Key Highlights:

• MCXCCL is a wholly owned subsidiary of the Multi Commodity Exchange of India Ltd (MCX).
• The renewal was granted under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.
• SEBI stated the renewal is in the interest of trade, securities market, and public interest.
• MCXCCL plays a critical role in clearing and settlement of commodity derivatives, ensuring market integrity and systemic stability.

Question:

Q.1 Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) is a wholly owned subsidiary of which organization?
a) Securities and Exchange Board of India (SEBI)
b) National Commodity and Derivatives Exchange (NCDEX)
c) Bombay Stock Exchange (BSE)
d) Multi Commodity Exchange of India Limited (MCX)

Answer: d) Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL)is entirely owned by the Multi Commodity Exchange of India Limited (MCX).