The Bombay Stock Exchange (BSE) on June 28, 2024, issued a circular regarding the submission of Associate details by Clearing Members.
The following has been stated: -
•With reference to SEBI Circular No SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/65 dated May 29, 2024, relating to Norms for acceptable collaterals and exposure of Clearing Corporations. As per Clause 3.6 of the Circular “CCs shall not accept collateral including FDs, BGs, equity, or debt securities issued by CMs/TMs themselves or their group or associate entities. A Declaration to that effect will be given by CMs/TMs mentioning all their group/associate entities to CCs.”
•All Members of Clearing Corporations are required to submit details of group or associate entities in the prescribed format as mentioned in Annexure I. The User Manual is enclosed as Annexure II.
•The window for submission to Clearing Corporation shall be made available with effect from July 1, 2024.
The detailed circular is given in the document below.
[Notice No. 20240628-57]
