Dear participants of the NAMEX commodity auction market,

Please note that from 29 May 2024, the following documents of National Mercantile Exchange (NAMEX) as updated will come into force:
1. Rules for organised trading at NAMEX commodity auctions, approved by the National Mercantile Exchange Supervisory Board (Minutes No. 18 of 26 April 2024).

The Rules have been amended to enable Auction Clients to enter into and settle contracts in Carbon Units, as well as other clarifying and editorial changes have been made.

2. NAMEX commodity auctions admission rules, approved by the National Mercantile Exchange Supervisory Board (Minutes No. 18 of 26 April 2024).

The Rules for admission to auctions of Clients and commodity delivery have been amended to enable Auction Clients to enter into and settle contracts in Carbon Units, as well as other clarifying and editorial changes have been made.

3. Regulations of interaction between the Exchange and the Auction Client at NAMEX commodity auctions approved by the National Commodity Exchange Supervisory Board (Minutes No. 18 of 26 April 2024).

The Regulations have been amended to clarify the procedure for submission by the Auction Clients of settlement reports on sale contracts, as well as other clarifying and editorial changes have been made.

4. Terms and conditions of admission of Clients to auctions and commodity delivery, approved by the National mercantile Exchange Supervisory Board (Minutes No. 18 of 26 April 2024).

The Terms and Conditions have been amended, in particular, the list of terms and conditions of contracts of Auction Clients have been expanded, as well as other clarifying and editorial changes have been made.

Please note that the Trading Rules and the Admission Rules will come into force except for the provisions concerning the conclusion and settlement of contracts in Carbon Units with additional delivery control.
We will notify you in due course of the provisions concerning the conclusion and settlement of contracts in Carbon Units coming into force.