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of <h1>Regulation 43: Prioritizing Settlement Obligations in Stock Exchanges and Clearing Corporations Over Other Claims.</h1> Regulation 43 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, outlines the procedures for payment and settlement of transactions in recognized stock exchanges and clearing corporations. Settlements are conducted according to netting or gross procedures specified in the bye-laws, with prior approval from the Board. Once a settlement is final and irrevocable, the recognized entities have priority to appropriate any collaterals, deposits, or margins for settlement obligations over other claims against trading or clearing members or clients. The regulation clarifies that settlements are final upon determination, regardless of actual payment.
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