Notification on clearing corporation activity

Notification on clearing corporation activity

SECURITIES AND EXCHANGE BOARD OF INDIA AMENDMENT TO THE NOTIFICATION Mumbai, the 1st November, 2022

No. SEBI/LAD-NRO/GN/2022/97.—The Securities and Exchange Board of India (hereinafter referred to as „the Board‟), 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 amends the Notification of the Board No. SEBI/LAD-NRO/GN/2022/67, dated the 24th January, 2022 (hereinafter referred to as “the said notification”), namely, –

1. This notification shall be deemed to have come into force with effect from the 17th day of January,
   2022.
   
2. In the said notification, the following proviso shall be inserted, namely, –
   “Provided that the Clearing Corporation shall not undertake any activity except that of clearing and
   settling transactions in repo and reverse repo in the debt securities that are dealt with or traded on a
   recognised stock exchange.”

Notification

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