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of <h1>Minimum net worth thresholds for exchange trading and clearing members across segments, with Rs. 1-50 crore base levels, mandated.</h1> Prescribes minimum networth requirements for trading members, self-clearing members, clearing members and professional clearing members, comprising a base networth of Rs. 1 crore, Rs. 5 crore, Rs. 15 crore and Rs. 50 crore respectively, and a variable networth as specified, with the applicable requirement being the higher of base or variable networth; variable networth is inapplicable for the Execution Only Platforms segment, and in the currency derivatives segment the minimum networth for self-clearing and clearing members is Rs. 5 crore and Rs. 10 crore respectively, thereby conditioning eligibility to operate on maintaining the prescribed threshold. Networth is to be reckoned across all segments and recognised stock exchanges, computed from specified capital and free reserves while excluding specified non-allowable items, applying post-haircut value for pledged securities, and, for debt segment entities also regulated elsewhere, adopting the higher of the sectoral regulator's or SEBI's computation method.
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