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of <h1>Regulation 38 mandates clearing corporations to seek Board approval for non-treasury investments and maintain separate legal entities.</h1> Regulation 38 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 outlines the rules for the utilization of profits and investments by recognized clearing corporations. These entities must adhere to norms specified by the Board and obtain prior approval for activities involving fund deployment, except for treasury investments aligned with an approved investment policy. Activities unrelated to their primary functions must be conducted through a separate legal entity with Board approval. Employees of these corporations cannot work simultaneously for companies where investments are made, and directors or employees cannot receive financial benefits from such companies, except for meeting-related fees and expenses.
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