Investment Policy of Clearing Corporations

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..... 16/54 dated May 04, 2016 on "Investment Policy, Liquid Assets for the purpose of Calculation of Net Worth of a Clearing Corporation and Transfer of Profits" inter alia permitted the Clearing Corporations to make investments in Fixed Deposits with Banks (only those banks which have a net worth of more than INR 500cr. and are rated A1 (or A1+) or equivalent), Central Government Securities and Liquid .....

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..... cular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market. 5. This circular is available on SEBI website at www.sebi.gov.in under the category "Circulars". Yours faithfully, Amit Tandon G .....

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