Qualified Central Counterparties in Securities Market

National Securities Clearing Corporation Limited (NSCCL), Indian Clearing Corporation Limited (ICCL) and MCX-SX Clearing Corporation Limited (MCX-SXCCL) are the Qualified Central Counterparties (QCCPs) in the Indian Securities Market jurisdiction. These clearing corporations have qualified as QCCPs in view of the fact that these are regulated by Securities and Exchange Board of India (SEBI) under SEBI… Read More

Tags: Capital marketFinancial Market InfrastructureFinancial Stability BoardInternational Organization of Securities CommissionsIOSCORegulationSecurities & Exchange Board of IndiaSecurity (finance)

SEBI Circular w.r.t. Principles of Financial Market Infrastructures

CIRCULAR CIR/MRD/DRMNP/26/2013                                 September 04, 2013 To All Clearing Corporations and Depositories. Sir / Madam, Sub: Principles of Financial Market Infrastructures (PFMIs) Background 1. To promote and sustain an efficient and robust global financial infrastructure, the Committee on Payments and… Read More

Tags: CCPCentral Securities DepositoryInternational Organization of Securities CommissionsIOSCOOver-the-counter (finance)Payment systemSystemically Important Payment SystemsTrade Repository

RBI issues Policy Document for Regulation and Supervision of Financial Market Infrastructures

The Reserve Bank of India has today released a policy document on Regulation and Supervision of Financial Market Infrastructures regulated by RBI. The policy on supervision and regulation of the Financial Market Infrastructures regulated by RBI regulated by the Reserve Bank describes in detail the criteria for designating an FMI, applicability of PFMIs to the FMIs, oversight of… Read More

Tags: CCILFinancial Stability BoardIndiaInternational Organization of Securities CommissionsIOSCORegulationReserve BankReserve Bank of India

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