The Securities and Exchange Board of India (SEBI) on March 20, 2025, issued the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2025 to further amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.
The following amendments have been stated:
• In Chapter VI, after regulation 38A, the following regulation shall be inserted, namely,–
“Verification of risk-return metrics 38B. Notwithstanding anything contained in these regulations, the activity of a Past Risk and Return Verification Agency Data Centre as referred to in sub-regulation (2) of Regulation 12A of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, may be carried out by a recognised stock exchange, with the approval of the Board, on such terms and conditions as may be specified by the Board.”
They shall come into force on March 20, 2025.
[Notification No. SEBI/LAD-NRO/GN/2025/238]
