Procedural norms on Recognitions, Ownership and Governance for Stock Exchanges and Clearing Corporations

Posted: 15/12/2012 in Circulars, SEBI
Tags: , , ,

Procedural norms on Recognitions, Ownership and Governance for Stock Exchanges and Clearing Corporations

CIR/MRD/DSA/33/2012 dated December 13, 2012 

To

The Managing Director/Executive Director

of all Stock Exchanges and Clearing Corporations. 

The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (henceforth referred to as ‘SECC Regulations’) were notified on June 20, 2012. In terms of the powers under regulation 51 of the SECC Regulations, the Board hereby issues the following instructions for the effective implementation of the SECC Regulations. This circular shall be read in conjunction with the Securities Contracts (Regulation) Act, 1956 (SCRA), Securities Contracts (Regulation) Rules, 1957 (SCRR), SECC Regulations and other applicable laws.

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Click here to download the complete text of the above Circular in PDF Format.

Source: Securities and Exchange Board of India.

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