Regulation 29 - Statutory committees - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Statutory committees 29. (1) Every recognised stock exchange / recognized clearing corporation shall constitute the committees as per sub-regulation (2) 4 [ , ] sub-regulation (3) 5 [ and sub-regulation 3A ] . (2) Functional committee, comprising 3 [ **** ] : (a) 1 [ Member and Core Settlement Guarantee Fund committee; 6 [ and ]] 7 [****] (c) Nomination and remuneration committee. (3) Oversight committees, comprising 3 [ **** ] : (a) Standing committee on technology; 8 [****] (c) Regulatory oversight committee; and (d) Risk management committee. 9 [ (3A) Investment Committee. ] 10 [ (4) The composition, quorum and functions of the committees under sub-regulation (2), (3) and sub-regulation (3A) shall be in the manner as specified by the Board from time to time. ] ************ Notes 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/21 dated 04-06-2019 before it was read as (a) Member selection committee; 2. Omitted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/21 dated 04-06-2019 before it was read as Investor 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/93 dated 11-08-2022 before it was read as, of 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, and 5. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) 6. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) 7. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, (b) 2 [*****] grievance redressal committee; and 8. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, (b) Advisory committee; 9. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) 10. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, (4) The composition, quorum and functions of the committees under sub-regulation (2) and sub-regulation (3) shall be in the manner as specified by the Board from time to time.