Clearing and settlement obligations: recognised stock exchanges must use authorised clearing corporations for post trade processing. Every recognised stock exchange is required to conduct clearing and settlement of trades through the services of recognised clearing corporations, with the obligation taking effect from the date specified by the Board and forming a mandatory regulatory prerequisite for exchanges to use authorised clearing infrastructure for post trade processes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clearing and settlement obligations: recognised stock exchanges must use authorised clearing corporations for post trade processing.
Every recognised stock exchange is required to conduct clearing and settlement of trades through the services of recognised clearing corporations, with the obligation taking effect from the date specified by the Board and forming a mandatory regulatory prerequisite for exchanges to use authorised clearing infrastructure for post trade processes.
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