## Policy Summary: Renewal of Recognition for NSE Clearing Limited
This notification, issued by the Securities and Exchange Board of India (SEBI) on September 25, 2020, announces the renewal of recognition for NSE Clearing Limited under Regulation 12 of the Securities Contracts (Regulation) Stock Exchanges and Clearing Corporations Regulations, 2018.
SEBI, having considered the application from NSE Clearing Limited (Exchange Plaza, Plot C1, Block G, Bandra Kurla Complex, Bandra East, Mumbai 400051) and deeming it in the interest of trade, the securities market, and the public, has granted the renewal. This recognition, conferred under Section 4 read with sub-section 4 of Section 8A of the Securities Contracts (Regulation) Act, 1956, is effective for a period of three years, commencing on October 3, 2020, and ending on October 2, 2023. The renewal is subject to conditions specified by SEBI from time to time.
The notification was issued by Santosh Kumar Mohanty, Whole Time Member, SEBI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body that considered the application for renewal of recognition.
NSE Clearing Limited: Applicant for renewal of recognition as a clearing corporation.
Mumbai, Maharashtra: Location of the Securities and Exchange Board of India and NSE Clearing Limited.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2018: Regulations under which NSE Clearing Limited applied for renewal of recognition.
Securities Contracts Regulation Act, 1956: Act under which the Securities and Exchange Board of India exercises its powers.
October 3, 2020: Commencement date of the three-year recognition period for NSE Clearing Limited.
October 2, 2023: End date of the three-year recognition period for NSE Clearing Limited.
Santosh Kumar Mohanty: Whole Time Member of Securities and Exchange Board of India
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-25092020-221995
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 395] नई कदलली, ि क्रिार, जसतम्ब र 25, 2020/आजि न 3, 1942
No. 395] NEW DELHI, FRIDAY, SEPTEMBER 25, 2020/ASVINA 3, 1942
भारतीय प्रजतभजू त और जिजनमय बोडड
अजधसचू ना
म ंबई, 25 जसतम्बर , 2020
स.ं सेबी/एल.ए.डी.-एन.आर.ओ./िी.एन./2020/29.—भारतीय प्रजतभूजत और जिजनमय बोडड, एनएसई
क्लीयररग जलजमटेड, एक्सचेंि प्लाजा, प्लॉट सी-1, ब्लॉक िी, बांद्रा क लाड कॉम्प्लेक्स, बांद्रा (पूिड), म ंबई – 400051 द्वारा
प्रजतभूजत संजिदा (जिजनयमन) (स्ट्टॉक एक्सचेंि और समािोधन जनगम) जिजनयम, 2018 [जसक्यूररटीज कॉण्रैक््स
(रेग्यलू ेिन) (स्ट्टॉक एक्सचेंिेस एंड क्लीयररग कारपोरेिन्स) रेग्यूलेिन्स, 2018] के जिजनयम 12 के तहत मान्यता का
निीकरण प्रदान करने के जलए ककए गए आिेदन पर जिचार करत े हुए और यह समाधान हो िाने पर कक यह व्यापार के
जहत म ें होगा, प्रजतभूजत बािार (जसक्यूररटीज माकेट) के जहत म ें होगा और ऐसा करना लोक जहत म ें भी होगा, एतद्द्वारा,
प्रजतभूजत संजिदा (जिजनयमन) अजधजनयम, 1956 [जसक्यूररटीज कॉण्रैक््स (रेग्यूलिे न) एक्ट, 1956] की धारा 8क की
उप-धारा (4) के साथ परित धारा 4 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, उि समािोधन जनगम (क्लीयररग
कारपोरेिन) को मान्यता का निीकरण 3 अक् तूबर, 2020 को प्रारंभ होने िाली और 2 अक् तूबर, 2023 को समाप्त होन े
िाली तीन िर्षों की अिजध के जलए, यहााँ नीच े उजललजखत ितों या िो इसके बाद जनधाडररत की िाए ाँ या लगाई िाए ाँ के
अध्यधीन, प्रदान करता ह:ै
उि समािोधन जनगम भारतीय प्रजतभूजत और जिजनमय बोडड द्वारा समय-समय पर जनधाडररत की िाने िाली ितों
का पालन करेगा ।
संतोर्ष क मार मोहान्ती, पूणडकाजलक सदस्ट्य
[जिज्ञापन-III/4/असा./254/2020-21]
4518 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 25th September, 2020
No. SEBI/LAD-NRO/GN/2020/29.—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 NSE Clearing
Limited, Exchange Plaza, Plot C-1, Block G, Bandra Kurla Complex, Bandra East, Mumbai 400051 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, recognition to the said clearing
corporation for three years commencing on the 3rdday of October, 2020 and ending on the 2ndday of
October, 2023 subject to the conditions stated herein below or as may be prescribed or imposed hereafter:
The Clearing Corporation shall comply with conditions specified by SEBI from time to time.
SANTOSH KUMAR MOHANTY, Whole time Member
[ADVT.-III/4/Exty/254/2020-21]
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and Published by the Controller of Publications, Delhi-110054.