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Date: 09-Jan-2025 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 Regulation

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the renewal of recognition for AMC Repo Clearing Limited as a clearing corporation by the Securities and Exchange Board of India (SEBI).
  • The renewal is for a one-year period, starting January 17, 2025, and ending January 16, 2026.

Key Changes

  • The Securities and Exchange Board of India (SEBI) has renewed the recognition of AMC Repo Clearing Limited as a clearing corporation.
  • The renewal is effective for one year, specifically from January 17, 2025, to January 16, 2026.
  • AMC Repo Clearing Limited is authorized to clear and settle transactions related to repo and reverse repo in debt securities.
  • These debt securities must be traded on a recognized stock exchange.
  • The clearing corporation must adhere to the rules and conditions specified by SEBI from time to time.

Impact Analysis

AMC Repo Clearing Limited

  • They must restrict their activities to clearing and settling repo and reverse repo transactions in debt securities traded on recognized stock exchanges.

Securities Market Participants

  • The restriction to debt securities traded on recognized stock exchanges ensures a regulated and transparent market.

Securities and Exchange Board of India (SEBI)

  • SEBI retains the power to specify or modify the rules and conditions for the clearing corporation.

General Public

  • The regulatory oversight by SEBI ensures a fair and transparent market.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory body responsible for overseeing the securities market in India. AMC Repo Clearing Limited: The clearing corporation that has been granted a renewal of recognition for clearing and settling repo and reverse repo transactions in debt securities. Securities Contracts (Regulation) Act, 1956: The primary legislation governing securities contracts in India. Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018: The regulations under which the renewal of recognition was granted. Recognized Stock Exchange: A stock exchange that is recognized by SEBI for trading in securities.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-09012025-260096 xxxGIDHxxx CG-MH-E-09012025-260096 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 36] िई कदल्ली, बृहस्ट्प जतिार, िििरी 9, 2025/पौर् 19, 1946 No. 36] NEW DELHI, THURSDAY, JANUARY 9, 2025/PAUSHA 19, 1946 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा म ंबई, 9 िििरी, 2025 स.ं सबे ी/एलएडी-एिआरओ/िीएि/2025/224.—भारतीय प्रजतभूजत और जिजिमय बोडड, एएमसी रेपो जललयररंग जलजमटेड, यूजिट िंबर 503, विंडसर, ऑफ सीएसटी रोड, कजलिा, सांताक्रूज़ पूिड, म ंबई – 400098, द्वारा प्रजतभूजत संजिदा (जिजियमि) (स्ट्टॉक एलसचेंि और समािोधि जिगम) जिजियम, 2018 के जिजियम 12 के तहत मान्यता का ििीकरण प्रदाि करिे के जलए ककए गए आिेदि पर जिचार करते हुए और इस बात से संत ष्ट हो िािे पर कक यह व्यापार के जहत में होगा, प्रजतभूजत बािार (जसलयूररटीज़ माकेट) के जहत म ें होगा और ऐसा करिा लोक जहत में 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 करते हुए, उपरोि समािोधि जिगम (ललीयररंग कारपोरेिि) को मान्यता का ििीकरण 17 िििरी, 2025 को प्रारंभ होिे िाली और 16 िििरी, 2026 को समाप्त होिे िाली एक िर्ड की अिजध के जलए इस ित ड के अध्यधीि प्रदाि करता ह ै कक समािोधि जिगम (जललयररंग कॉपोरेिि) समय- समय पर जियमाि सार जिधाडररत की गयी ितों का या भारतीय प्रजतभूजत और जिजिमय बोडड द्वारा जिधाडररत की गयी ितों का पालि करेगा: 265 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] परन्त यह की समािोधि जिगम उि ऋण प्रजतभूजतयों (डैट जसलयूरररटज़) में रेपो और ररिसड रेपो से संबंजधत लेिदिे (रांसेलिि) का समािोधि (ललीयररंग) और जिपटाि (सेटलेमेंट) करिे के जसिाय कोई कक्रयाकल्प िहीं करेगा, जििका लेिदिे (डीवलगं ) या जििमे सौदेबाज़ी (रेवडंग) मान्यताप्राप्त स्ट्टॉक एलसचेंि म ेंकी िाती ह ै । अिंत िारायण गो., पणू डकाजलक सदस्ट्य [जिज्ञापि-III/4/असा./892/2024-25] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 9th January, 2025 No. SEBI/LAD-NRO/GN/2025/224.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, by AMC Repo Clearing Limited, Unit No. 503, Windsor, Off CST Road, Kalina, Santacruz East, Mumbai – 400098 and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Clearing Corporation for one year commencing on the 17th day of January, 2025 and ending on the 16th day of January, 2026, 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 from time 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 recognized stock exchange. ANANTH NARAYAN G, Whole Time Member [ADVT.-III/4/Exty./892/2024-25] 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.

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