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.
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.
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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