Master Circular consolidates SEBI guidance for stock exchanges and clearing corporations and supersedes the earlier compilation. Master Circular consolidates SEBI circulars, directions and communications for stock exchanges and clearing corporations issued up to March 31, 2016, superseding the prior master circular of May 26, 2015. It centralises guidance across operational domains-trading, technology, settlement, risk management, derivatives, exchange administration and depository connectivity-to assist compliance and supervisory oversight.
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Master Circular consolidates SEBI guidance for stock exchanges and clearing corporations and supersedes the earlier compilation.
Master Circular consolidates SEBI circulars, directions and communications for stock exchanges and clearing corporations issued up to March 31, 2016, superseding the prior master circular of May 26, 2015. It centralises guidance across operational domains-trading, technology, settlement, risk management, derivatives, exchange administration and depository connectivity-to assist compliance and supervisory oversight.
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