SEBI Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2021

Last updated: 16 August 2021

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The Securities and Exchange Board of India (SEBI) has issued the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2021. These amendments, effective from their publication in the Official Gazette, modify the 2018 regulations. Specifically, changes have been made to regulation 19, including the omission of the word "listed" in a proviso, the omission of sub-regulation (2), and the removal of specific phrases and sub-regulations from the original text.

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 13th August, 2021

SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) (SECOND AMENDMENT) REGULATIONS, 2021

No. SEBI/LAD-NRO/GN/2021/44. - In exercise of the powers conferred by sections 4, 8A and 31 of the Securities Contracts (Regulation) Act, 1956, read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, namely:-

1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2021.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, –

I. In regulation 19,

i. in the second proviso to sub-regulation (1), the word “listed” shall be omitted.

ii. sub-regulation (2) shall be omitted.

iii. in sub-regulation (4), the words and symbol “sub-regulation (2) or” shall be omitted.

iv. sub-regulation (6) shall be omitted.

AJAY TYAGI, Chairman

[ADVT.-III/4/Exty./201/2021-22]

Footnote:

1. The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 were published in the Gazette of India on 3rd October 2018 vide No. SEBI/LAD-NRO/GN/2018/41.

2. The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 were subsequently amended on –

(a) 4th June, 2019, by the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/21.

(b) 17th April, 2020, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/10.

(c) 8th October, 2020, by the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/32.

(d) 23rd March, 2021, by the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/12.

FAQ :

These are new regulations issued by SEBI to further amend the existing Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.

They come into force on the date of their publication in the Official Gazette.

Regulation 19 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 has been amended.

The word "listed" was omitted from the second proviso to sub-regulation (1), sub-regulation (2) was omitted, the words and symbol "sub-regulation (2) or" were omitted from sub-regulation (4), and sub-regulation (6) was omitted.

SEBI exercises its powers conferred by sections 4, 8A and 31 of the Securities Contracts (Regulation) Act, 1956, read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992.