SEBI grants renewal of recognition to ‘AMC Repo Clearing Ltd.’ for 1 year
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- Last Updated on 17 March, 2023
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Notification No. SEBI/LAD-NRO/GN/2023/127, Dated: 14.03.2023
The market regulator SEBI, on being satisfied that it would be in the interest of the trade, and also in the public interest, has granted renewal of recognition to the ‘AMC Repo Clearing Limited’ for a period of 1 year commencing on the 17th of January 2023 and ending on the 16th day of January 2024. The recognition is subject to a condition that the Clearing Corporation shall comply with the conditions specified by SEBI.
Further, the Clearing Corporation is restricted from undertaking any activity other than that of clearing and settling of transactions in repo and reverse repo in the debt securities that are traded on a recognised stock exchange.
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