Forward Markets Commission has said that it will not approve new contracts for trading on Multi-Commodity Exchange – MCX. In a circular issued to MCX, the regulator has said, new contracts will not be approved till it meets certain conditions and its contract launch calendar for 2015 will also be kept in abeyance. FMC has also sought more clarity from MCX on the stake sale deal between its promoter Financial Technologies and Kotak Bank. The regulator has asked MCX to clarify as to exactly by what date the divestment shall be completed. The watchdog had previously also directed the bourse to implement the findings of a report by professional services firm PwC and the closure report of Oversight Committee in a time-bound manner.Meanwhile, MCX has clarified that it is hopeful of receiving approval for launch of calendar contracts shortly by addressing the issues raised by FMC by 30th September. Commenting on PwC report, MCX said most of its observations have already been addressed and informed to FMC from time to time.The commodity futures trading on MCX has been hit severely due to the Rs 5,600 payment crisis in the Group firm National Spot Exchange Limited – NSEL last year.