Dispute resolution mechanism required for limited purpose clearing corporations; regulator to prescribe procedure in consultation with monetary authority. Regulation 22F requires a recognized limited purpose clearing corporation to establish a dispute resolution mechanism for settlement of disputes or claims arising from transactions it clears and settles, with the mechanism's procedures to be specified by the Board in consultation with the monetary authority; this replaced a prior provision that specifically provided for an arbitration mechanism.
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.
Dispute resolution mechanism required for limited purpose clearing corporations; regulator to prescribe procedure in consultation with monetary authority.
Regulation 22F requires a recognized limited purpose clearing corporation to establish a dispute resolution mechanism for settlement of disputes or claims arising from transactions it clears and settles, with the mechanism's procedures to be specified by the Board in consultation with the monetary authority; this replaced a prior provision that specifically provided for an arbitration mechanism.
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