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Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation - SEBI - SEBI/HO/MRD2/DCAP/CIR/P/2021/03

Extract

..... Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD2/DCAP/CIR/P/2021/03 January 08, 2021 All recognized Stock Exchanges and Clearing Corporations Sub: Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation 1. SEBI, vide Circular No.CIR/MRD/DRMNP/25/2014 dated August 27, 2014, prescribed norms for contribution by a Stock Exchange to Core SGF of a Clearing Corporation. Further, SEBI, vide Circular No .....

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Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation - SEBI

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..... poration, under intimation to that Exchange. For Example, if Exchange ‘A’ requests to transfer its excess contribution from Core SGF of Clearing Corporation ’B’ to Core SGF of Clearing Corporation ‘C’ then after receipt of such request from ‘A’, ‘B’ would transfer directly the excess contribution of ‘A’ from Core SGF of ‘B’ to Core SGF of ‘C’, under intimation to Exchange ‘A’. b) The Clear .....

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Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation - SEBI

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