Home› India› Securities and Exchange Board of India› The Securities and Exchange Board of India, having considere...
Date: 15-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition of AMC Repo Clearing Limitedunder Regulation 12 of the Securities Contracts

Issued by Securities and Exchange Board of India · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • SEBI has renewed the recognition of AMC Repo Clearing Limited as a clearing corporation.
  • The renewal is subject to certain conditions and limitations.

Key Changes

  • The renewal period is for one year, commencing on January 17, 2023, and ending on January 16, 2024.
  • AMC Repo Clearing Limited is permitted to clear and settle transactions only in repo and reverse repo of debt securities traded on a recognized stock exchange.
  • The clearing corporation must comply with the rules and conditions prescribed by SEBI from time to time.

Impact Analysis

AMC Repo Clearing Limited

  • Must ensure compliance with all SEBI regulations and guidelines.

Stock Exchanges

  • Need to ensure that transactions cleared by AMC Repo Clearing Limited are within the permitted scope.

Investors

  • Can have confidence in the clearing and settlement process due to SEBI's oversight and regulation.

SEBI

  • May need to issue further guidelines or clarifications as required.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory body for securities markets in India. AMC Repo Clearing Limited: A clearing corporation responsible for clearing and settling repo and reverse repo transactions in debt securities. Securities Contracts (Regulation) Act, 1956: The Act governing securities contracts and regulation of stock exchanges. Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018: Regulations pertaining to stock exchanges and clearing corporations. Recognized Stock Exchanges: Stock exchanges recognized by SEBI for trading in securities.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-एम.एxxचx.G-IअD.E-x1x5x0 32023-244411 CG-MH-E-15032023-244411 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 170] िई कदल्ली, ब धिार, माच ड15, 2023/फाल्ग ि 24, 1944 No. 170] NEW DELHI, WEDNESDAY, MARCH 15, 2023/PHALGUNA 24, 1944 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा म ंबई, 14 माचड, 2023 स.ं सबे ी/एल.ए.डी.-एि.आर.ओ./िी.एि/2023/127.—भारतीय प्रजतभूजत और जिजिमय बोडड, एएमसी रेपो क्लीयररंग जलजमटेड द्वारा प्रजतभूजत संजिदा (जिजियमि) (स्ट्टॉक एक्सचेंि और समािोधि जिगम) जिजियम, 2018 के जिजियम 12 के तहत मान्यता का ििीकरण प्रदाि करि े के जलए ककए गए आिेदि पर जिचार करत े हुए और यह समाधाि हो िािे पर कक यह व्यापार तथा प्रजतभूजत बािार(जसक्यूररटीज़ माकेट) के जहत म ें होगा और ऐसा करिा लोक जहत म ें भी होगा, एतद्द्वारा, प्रजतभूजत संजिदा (जिजियमि) अजधजियम, 1956 की धारा 8क की उप-धारा (4) के साथ परित धारा 4 द्वारा प्रदाि की गई िजियों का प्रयोग करत े हुए, उपरोि समािोधि जिगम (क्लीयररंग कारपोरेिि) को मान्यता का ििीकरण 17 िििरी, 2023 को प्रारंभ होिे िाली और 16 िििरी, 2024 को समाप्त होिे िाली एक िर्ड की अिजध के जलए इस ित ड के अध्यधीि प्रदाि करता ह ै कक समािोधि जिगम समय-समय पर जियमाि सार जिधाडररत की गई ितों का या भारतीय प्रजतभूजत औ रजिजिमय बोडड(सेबी) द्वारा जिधाडररत की गई ितों का पालि करेगा: परंत यह कक समािोधि जिगमउि ऋण प्रजतभूजतयों (डैट जसक्यूररटीज़) म ें रेपो और ररिसड रेपो स े संबंजधत लेिदिे ों (रांिेक्िि) का समािोधि (की क्लीयररंग) और जिपटाि (सेटलेमेंट) करि े के जसिाय कोई कियाकलाप िहीं करेगा, जििका लेिदिे (डीललगं ) या जििमें सौदेबािी (रेलडंग) मान्यताप्राप्त स्ट्टॉक एक्सचेंि म ेंकी िाती ह ै। माधबी प री ब च, अध्यक्ष [जिज्ञापि-III/4/असा./696/2022-23] 1727 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th March, 2023 No. SEBI/LAD-NRO/GN/2023/127.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition of AMC Repo Clearing Limitedunder Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 and being satisfied that it would be in the interest of the trade, securities market and the public, in exercise of the powers conferred by section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, hereby grantsrenewal of recognition to the said clearing corporation for one year commencing on the 17th day of January, 2023 and ending on the 16thday of January, 2024 subject to the condition that the Clearing Corporation shall comply with the conditions as may be prescribed by rules or specified by the Securities and Exchange Board of India fromtime to time: Provided that the Clearing Corporation shall not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange. MADHABI PURI BUCH, Chairperson [ADVT.-III/4/Exty./696/2022-23] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Securities and Exchange Board of India