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Date: 2019-05-17 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 under

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

This document is a notification from the Securities and Exchange Board of India (SEBI) granting a one-year renewal of recognition to NSE IFSC Clearing Corporation Limited under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2018. The recognition is effective from May 29, 2019, to May 28, 2020. SEBI, acting under the powers conferred by section 4 read with sub-section 4 of section 8A of the Securities Contracts Regulation Act, 1956, grants this renewal after considering the application and determining it to be in the interest of trade, the securities market, and the public. The Clearing Corporation is required to comply with conditions specified by SEBI from time to time. NSE IFSC Clearing Corporation Limited is located at Unit No. 1202, Brigade International Financial Centre, 12th Floor, Building No. 14A, Block No. 14, Zone 1, GIFT SEZ, Dist. Gandhinagar 382355. The notification number is SEBI/LADNRO/GN/2019/18, and it was issued in Mumbai on May 17, 2019. S.K. Mohanty, Whole Time Member, signed the notification.

Key Entities Referenced

Securities and Exchange Board of India: Regulatory body overseeing the securities market in India (SEBI) Mumbai, Maharashtra: City in India, mentioned as the location of the notification Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2018: Regulations under which the application for renewal of recognition was considered NSE IFSC Clearing Corporation Limited: Clearing corporation applying for renewal of recognition GIFT SEZ, Gandhinagar, Gujarat: Location of the NSE IFSC Clearing Corporation Limited, a special economic zone. Securities Contracts Regulation Act, 1956: Act under which recognition is granted to the clearing corporation S.K. MOHANTY: Whole Time Member of SEBI New Delhi, Delhi: Place of publication for the gazette notification
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