The Reserve Bank of India (RBI) on October 28, 2204, issued Directions for Central Counterparties (CCPs) with reference to circular no. DPSS.CO.OD No.2565/06.08.005/2018-2019 dated June 12, 2019 prescribing the directions relating to capital requirements and governance framework for CCPs as also providing a framework for recognition of foreign CCPs.
Based on a periodic review of the Directions for CCPs, the updated directions governing the functioning of CCPs are given in the Annexure.
The Direction for Central Counterparties dated June 19, 2019 stands repealed.
The provisions of these directions shall apply to a domestic central counterparty authorised to operate in India under the Payment and Settlement Systems Act, 2007 and foreign CCPs recognised by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007 for their operations including clearing and settlement in India.
Kindly find the Annexure attached to the document below.
[Notification No. RBI/2024-2025/85 DPSS.CO.RLVPD.No.S789/02.07.038/2024-25]
