The Bombay Stock Exchange (BSE) on April 30, 2024, notified the Master circular for Securities Lending and Borrowing Scheme segment.
The following has been stated: -
•Members are informed that the master circulars are being reviewed and updated, as required. Accordingly, the Master Circular on the Securities Lending and Borrowing Scheme segment, updated till March 31, 2024, is attached herewith as an Annexure.
•In case of any inconsistency between the Master Circular and the applicable Notice, readers/users should refer to the relevant notice. This Master Circular shall be effective from the date of its issue. The Notices issued before this master circular and the existing master circular relevant to the segment shall stand rescinded with the issuance of the Master Circular.
•“Notwithstanding such rescission,
a.Anything done or any action taken or purported to have been done or contemplated under the rescinded guidelines before the commencement of this Master Circular shall be deemed to have been done or taken or commenced or contemplated under the corresponding provisions of the Master Circular or rescinded guidelines whichever is applicable.
b.The previous operation of the rescinded guidelines or anything duly done or suffered thereunder, any right, privilege, obligation, or liability acquired, accrued, or incurred under the rescinded guidelines, any penalty, incurred in respect of any violation committed against the rescinded guidelines, or any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty as aforesaid, shall remain unaffected as if the rescinded guidelines have never been rescinded.”
[Notice No. 20240430-66]
