Securities and Exchange Board of India
Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/667
Dated: November 23, 2021
To
All Recognized Clearing Corporations
All Recognized Stock Exchanges
Dear Sir/ Madam
Segregation and Monitoring of Collateral at Client Level – Extension of timeline
1. SEBI, vide circular no. SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021 issued certain provisions in the subject matter. The para 50 of the said circular reads as under:
“ The provisions of Paragraphs 4 and 5 of this circular shall come into force with effect from October 01, 2021, and other provisions of this circular shall come into force with effect from December 01, 2021.”
2. In this regard, on the basis of representations received from stakeholders, it has been decided that provisions of the said circular (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from February 28, 2022 instead of December 01, 2021.
3. This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 , read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Yours faithfully
(Sudeep Mishra)
General Manager
Market Regulation Department
Email: sudeepm@sebi.gov.in
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Notification No : Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/667Published in Shares & Stock
Source : https://www.sebi.gov.in/legal/circulars/nov-2021/segregation-and-monitoring-of-collateral-at-client-level-extension-of-timeline_54149.html