Commodity Derivatives Market Regulation Department (CDMRD)

Division of New Products and Market Policy

  • Approval of new commodity products / contracts to be traded on Recognized Stock Exchanges.
  • Policy relating to Commodity Derivative markets including their trading, clearing and settlement operations.
  • Work related to ISOCO C-7
  • Stakeholders meeting
  • Work related to advisory committee CDAC

Division of Exchange Administration

  • Registration, recognition and administration of Recognized Stock Exchanges having Commodity Derivative segment including ownership, governance, demutualization and exit etc. 
  • Reviewing rule change proposals relating to all policy issues and supervision of Recognized Stock Exchanges having commodity derivatives segment.
  • Issuing show cause notices, appointment of Enquiry/Adjudication officers and maintenance of database of all commodity derivatives exchanges.

Division of Inspection

  • Conducting inspections of Recognized Stock Exchanges and Clearing Corporations having Commodity Derivatives segment including inspection for new recognitions and recommencement of trading.
  • Monitoring and inspection of IT infrastructure including Disaster Recovery and Business Continuity Planning and systems audit of Recognized Stock Exchanges and Clearing Corporations having Commodity Derivatives segment.
  • Conducting Visits to various  ancillary infrastructures such as warehouses, assaying labs etc.,  involved in Commodity derivatives segment.
  • Work related to Technical Advisory Committee.

Division of Risk Management

  • Recognition, administration and policy relating to functioning and operations of Recognized Clearing Corporations having Commodity Derivatives Segment. 
  • Prescribing and monitoring risk management and settlement practices in clearing corporation.


Division of Complaints

  • Dealing with complaints pertaining to Commodity Derivatives Segment of the Recognized Stock Exchanges, 
  • Dealing with Investors Grievances, Investor Education and policy related thereto.
  • Assesment work related to risk management aspects of the CPMI and IOSCO

Divsion of Products

  • Approval of agricultural as well as non-agricultural commodity products / contracts to be traded on Recognized Stock Exchanges, including those in GIFT IFSC.
  • Work related to NSEL related matter