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SEBI grants recognition to National Securities Clearing Corporation for 3 years

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 26th September, 2017

No. SEBI/LAD-NRO/GN/2017-18/019.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 by National Securities Clearing Corporation Ltd, Exchange Plaza, Plot C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, recognition to the said clearing corporation for three years commencing on the 3rd day of October, 2017 and ending on the 2nd day of October, 2020 subject to the conditions stated herein below or as may be prescribed or imposed hereafter:

 The Clearing Corporation shall comply with conditions specified by SEBI from time to time.

AJAY TYAGI, CHAIRMAN

[ADVT.-III/4/Exty./242/17]

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