Securities lending eligibility expanded to include Group I securities meeting liquidity and position-limit criteria, with standardised collateral. Revision of the Securities Lending and Borrowing framework extends eligibility to Group I securities that meet specified liquidity and position-limit thresholds, requires stock exchanges to perform a half-yearly review and prevent new SLB transactions in scrips that fall below eligibility while allowing existing contracts to expire, and mandates that margin collateral for SLB follow the same acceptable forms as in the cash market, with implementation and dissemination duties imposed on exchanges, clearing corporations and depositories.
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Provisions expressly mentioned in the judgment/order text.
Securities lending eligibility expanded to include Group I securities meeting liquidity and position-limit criteria, with standardised collateral.
Revision of the Securities Lending and Borrowing framework extends eligibility to Group I securities that meet specified liquidity and position-limit thresholds, requires stock exchanges to perform a half-yearly review and prevent new SLB transactions in scrips that fall below eligibility while allowing existing contracts to expire, and mandates that margin collateral for SLB follow the same acceptable forms as in the cash market, with implementation and dissemination duties imposed on exchanges, clearing corporations and depositories.
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