RegAlertRule · SEBI · 5 Jul 2021
Master Circular for Stock Exchanges and Clearing Corporations
The document compiles relevant circulars and communications issued by SEBI up to March 31, 2021 into a single Master Circular for Stock Exchanges and Clearing Corporations. It updates references to repealed Statutes and Regulations and supersedes the previous Master Circular dated October 25, 2019. In cases of inconsistency between this Master Circular and applicable circulars, the content of the relevant circular prevails. The compilation covers trading, technology, settlement, risk management, derivatives, and administration, and comes into force from the date of its issue.
MASTER CIRCULAR
SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 July 5, 2021 To, All Recognized Stock Exchanges All Recognized Clearing Corporations Dear Sir/Madam, Sub: Master Circular for Stock Exchange and Clearing Corporations
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SEBI, from time to time, has been issuing various circulars/directions to Stock
Exchanges and Clearing Corporations. In order to enable the users to have an access to all the applicable circulars/directions at one place, Master Circular for Stock Exchanges and Clearing Corporations has been prepared. -
This Master Circular is a compilation of the relevant circulars/communications
issued by SEBI up to March 31, 2021 and shall come into force from the date of its issue. References in the circular to the Statutes/Regulations which now stand repealed, have been suitably updated. -
The Master Circular is a compilation of all the existing/applicable circulars
issued by Market Regulation Department of SEBI to Stock Exchanges and Clearing Corporations. Efforts have been made to incorporate relevant circulars issued by other departments of SEBI to Stock Exchanges and Clearing Corporations, pertaining to the areas specified in Enclosure. -
In case of any inconsistency between the Master Circular and the applicable
circulars, the content of the relevant circular shall prevail. -
This Master Circular shall supersede the previous Master Circular
SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019, and is available on SEBI website at www.sebi.gov.in. Yours faithfully Sudeep Mishra General Manager Enclosures:
Chapter 1: Trading
Chapter 2: Trading Software and Technology
Chapter 3: Settlement
Chapter 4: Comprehensive Risk Management for Cash Market and Debt Segment
Chapter 5: Exchange Traded Derivatives
Chapter 6: Administration of Stock Exchanges and Clearing Corporations
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The links and the sentences they come from (1)
- Supersedes
“This Master Circular shall supersede the previous Master Circular SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019”
Mentions (2): 2 documents mention this one without changing it
- Referred to by
“transaction charges on the trades executed for EGR on their trading platform, must be equitable and in the interest of investors, as specified for cash segment in SEBI circular no. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 dated July 5,…”
“transaction charges on the trades executed for EGR on their trading platform, must be equitable and in the interest of investors, as specified for cash segment in SEBI circular no. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 dated July 5,…”
Timeline
This document supersedes: Master Circular for Stock Exchanges and Clearing Corporations
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