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 market, Financial Market Infrastructure, Financial Stability Board, International Organization of Securities Commissions, IOSCO, Regulation, Securities & Exchange Board of India, Security (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: CCP, Central Securities Depository, International Organization of Securities Commissions, IOSCO, Over-the-counter (finance), Payment system, Systemically Important Payment Systems, Trade 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: CCIL, Financial Stability Board, India, International Organization of Securities Commissions, IOSCO, Regulation, Reserve Bank, Reserve Bank of India
Subscribe to the Daily Journal
India’s Leading Compliance Software
Corporate Law Referencer
