SEBI Mandates Depository Participants (DP) to Contribute to the ‘Settlement Guarantee Fund’
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 26 July, 2023
Latest from Taxmann
Notification No. SEBI/LAD-NRO/GN/2023/139, Dated, 24.07.2023
The SEBI has notified Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2023. The amended norms require DPs to contribute to the Settlement Guarantee Fund. Earlier, the recognized limited-purpose clearing corporations, clearing members and issuers of debt securities were obliged to make a contribution to the Settlement Guarantee Fund. Respective changes have also been notified in regulations 37 i.e., Fund to guarantee settlement of trades.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
