Interoperability among Clearing Corporations: Revision of criteria for entering the risk-reduction Mode

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Clearing Corporations and Stock Exchanges/ Clearing Corporations in International Financial Services Centre Dear Sir/ Madam Sub-Interoperability among Clearing Corporations: Revision of criteria for entering the risk-reduction Mode SEBI vide its circular CIR/MRD/DRMNP/CIR/P/2018/145, dated November 27, 2018 issued broad guidelines for operationalizing the in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ns of Para 7 on Risk Reduction Mode of the SEBI circular CIR/MRD/DP/34/2012 , dated December 13, 2012 would be the criteria for the Stock Exchanges to determine the stock brokers which would be admitted to the risk-reduction Mode. 5. Accordingly, stock brokers shall be mandatorily put in risk-reduction mode when 90% of the stock broker s collateral available for adjustment agains .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ecurities and to promote the development of, and to regulate, the securities market. Yours faithfully, Pradip Bhowmick Deputy General Manager Tel: +91-22-2644-9685 email:pradipb@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X