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of <h1>Limited Purpose Clearing Corporations Must Get SEBI Approval Before Approaching RBI, Says Regulation 22H of 2018 Rules.</h1> Regulation 22H of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 mandates that a limited purpose clearing corporation must first obtain prior approval from the Securities and Exchange Board of India (SEBI) before seeking approval from the Reserve Bank of India. This requirement was inserted through a notification dated August 11, 2022.
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