Amendment to Securities Lending Scheme, 1997

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..... /SL/CIR-09/97 dated May 07, 1997 introduced the Securities Lending Scheme to facilitate securities settlement. Further, to enable settlement of securities sold short, SEBI vide Circular No. MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007 has, inter-alia, decided to put in place a full-fledged securities lending and borrowing (SLB) scheme under the over-all framework of Securities Lending Sch .....

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..... y be specified by SEBI from time to time b) Point 8 under Annexure-B stands modified and read as follows: 8. A receipt shall be sent to the approved intermediaries after the realization of the payment through the any of the modes specified at Point 7 4. SEBI circular dated May 07, 1997 shall, accordingly, be modified to the above extent. All other provisions of the said SEBI circula .....

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..... the interests of investors in securities and to promote the development of, and to regulate the securities market. 8. This circular is available on SEBI website at www.sebi.gov.in at Legal Circulars . Yours faithfully (Vishal Shukla) General Manager Market Regulation Department Email: vishals@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Of .....

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