Clearing Corporations News

Sebi says clearing corporations having commodity derivatives segment would need to adhere to the new norms for utilisation of security depositsUnder the new framework, clearing corporations will provide details of WDRA registered warehouses

Cash and cash equivalents will include major foreign currencies as may be decided by the clearing corporation from time to time, term deposit receipts and bank guarantees issued by bank branches located in IFSC

Five-member Sebi panel considering proposals including doubling the net worth requirement for stock exchanges and clearing corporations

Sebi says stock exchanges and clearing corporations often take help of third-party service providers to carry out certain processes and therefore, they must formulate an outsourcing policy

Sebi lets exchanges launch all exchange-traded products that are currently allowed in a recognized jurisdiction; agricultural derivatives have been not been permitted

In a letter dated 22 January, BSE told Sebi that it is fully compliant with the regulator's SECC rules and is ready for an initial public offering

Markets regulator amends existing SECC regulations to make it easier for the stock exchanges to list their shares through an IPO

Sebi directs exchanges and their clearing corporations to have an installed capacity of at least 1.5 times their projected peak load

Since requirement of SGF has already been met, transfer of 25% of profits by every stock exchange to the fund may no longer be required, says the panel

Sebi says no exposure can be taken against this core fund