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Securities And Exchange Board Of India CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2021/623 September 1, 2021 All Recognised Stock Exchanges Dear Sir / Madam, Subject: Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments 1. SEBI vide circular
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FAQ :
SEBI has modified clauses 3.1 and 4.1 of its 2014 circular regarding Liquidity Enhancement Schemes. The changes focus on scheme approval, validity, monitoring, and re-introduction on securities.
A scheme shall have prior approval of the Governing Board of the Stock Exchange, which will be valid for one year. The Governing Board may give yearly approval for its continuation.
The Governing Board of the Stock Exchange will monitor the implementation and outcome of the schemes at quarterly intervals.
Yes, once a scheme is discontinued, it can be re-introduced on the same security.
Yes, the revised guidelines will also be applicable to existing schemes.
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Notification No : SEBI/HO/MRD/DSA/CIR/P/2021/623Published in Investments & Personal Finance
Source : https://www.sebi.gov.in/legal/circulars/sep-2021/revised-guidelines-for-liquidity-enhancement-scheme-in-the-equity-cash-and-equity-derivatives-segments_52305.html