MCX Fined for Platform Disclosure Lapses

  Published 10 months ago

India's SEBI fined MCX 2.5 million rupees for inadequate disclosures regarding its delayed trading platform migration from 63 Moons to TCS, citing risks to market function and misleading information provided to exchanges.

  • MCX repeatedly extended a costly contract with 63 Moons.
  • Delayed platform migration risked vendor support loss.
  • SEBI found insufficient & misleading disclosures.
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