Limited purpose clearing corporation compliance governed by securities regulations and RBI directions, with conflicts resolved after consultation. Limited purpose clearing corporations must comply with the Securities Contracts (Regulation) Regulations and RBI directions; where those instruments ... Summary
Limited purpose clearing corporation compliance governed by securities regulations and RBI directions, with conflicts resolved after consultation.
Limited purpose clearing corporations must comply with the Securities Contracts (Regulation) Regulations and RBI directions; where those instruments prescribe different compliance requirements, the applicable requirement will be made applicable after consultation with the Reserve Bank of India, creating a consultation-based conflict resolution mechanism.
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