The National Commodity Clearing Limited (NCCL) on July 24, 2024, notified regarding the Submission of Group of Associate details by Clearing Members.
The following has been stated:
• The complete list of groups and associates’ entities and the Security or Debt Instrument listed on Stock Exchange by the member are submitted to the Clearing Corporation. In case of NIL associates, the same is also required to be mentioned in the submission.
• The Member are requested to ensure that they do not submit any collateral including FDs, BGs, equity, or debt securities issued by themselves or their group or associate entities to the Clearing Corporation and submission shall be treated as non-compliance and will be subject to such penalty and/or disciplinary action as may be applicable.
• Any change in Clearing Members Group or Associate Entities (including ISIN, Symbol etc.) pursuant to the initial submission, shall be reported with 7 days from the occurrence of such change by re-submitting the complete details after incorporating such changes.
The window for submission to Clearing Corporation shall be made available with effect from August 01, 2024, on Web NCFE portal.
[Notification No NCCL/MEMBERSHIP-006/2024]
