6  Section 731, amending Commodities Exchange Act by adding new Section 4s – this is §4s(e)(3)(A).
In this context, let me mention about two recent legislative developments that may have far reaching impact on the financial  4  BIS Review 89/2006  markets in India. One is the promulgation of the RBI (Amendment) Act, 2006. A major issue of concern in the OTC derivatives market in India was the issue of legality.