Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments - SEBI - SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/016

..... rcular SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/689 dated December 16, 2021, inter alia, modified the aforesaid framework prescribed vide said circular dated July 20, 2020, providing for additional snapshots for commodity derivatives segment. 3. Subsequently, SEBI, vide circular SEBI/HO/MRD2/DCAP/P/CIR/2022/60 dated May 10, 2022, inter-alia, modified the aforesaid framework specifying that the margin requirements to be considered for the intra-day snapshots, in derivatives segments (including commodit .....

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Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments - SEBI

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..... modified to the above extent. All other provisions of the said SEBI circulars dated July 20, 2020, December 16, 2021 and May 10, 2022 shall continue to remain applicable. 7. The provisions of this circular shall come into effect from 3 months from the date of issuance of this circular. 8. Stock Exchanges and Clearing Corporations are directed to: a) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and .....

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Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments - SEBI

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