The National Stock Exchange (NSE) on July 20, 2023, issued a notification regarding the Segregation and Monitoring of collateral at the client level
This has a reference to the SEBI circular SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021, Exchange circulars NSE/INSP/49691 dated September 22, 2021, and NSE/INSP/50069 dated October 22, 2021, on segregation and monitoring of collateral at client level wherein members were advised to submit the relevant details
The following has been stated namely: -
• It states that Members are requested to note that data reported by them towards said submission to clearing members or clearing corporations are used by the Exchange also for undertaking various supervisory activities.
• it states that the members are strictly advised to report correct data to their Clearing Members or Clearing Corporations in accordance with the guidelines issued by Clearing Corporations from time to time
• The common reasons for incorrect reporting observed in the said submission to Clearing Member /Clearing Corporation are listed in enclosed Annexure A.
• It states that the members are advised to take note of the same and strictly comply.
[Circular No. NSE/INSP/ 57639]
