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SEBI issues clarification on levy of penalty for non-collection of margins

September 16, 2020
The market regulator, SEBI has issued clarification with regard to levy of penalty for non-collection of margins and other margin wherein it has clarified that if pay-in (both funds and securities) is made by T+2 working days, the other margins would deemed to have been collected and penalty for short / non collection of other margins shall not arise. Moreover, it is reiterated that CC shall continue to collect upfront VaR plus ELM and other margins from TM / CM as applicable from time to time.
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