The Securities and Exchange Board of India (SEBI) on July 05, 2024, issued a Draft Circular on “Treatment of interest income by Clearing Corporations (CCs) on cash collaterals received from Clearing Members (CMs) and upstreamed client funds” for Public Comments.
To review the existing practice of interest or income earned by CCs on the cash collaterals received from CMs and upstreamed clients’ funds, the Risk Management Review Committee of SEBI (RMRC) discussed the matter. Based on the recommendations of RMRC and subsequent deliberations, the draft circular on the captioned matter is placed in Annexure-A for public comments.
The comments/suggestions should be submitted by July 25, 2024, through the following link:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComm
