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Minimum net worth requirement for self clearing members in currency derivatives established under SEBI authority, effective immediately. The circular requires that a self clearing member in the currency derivatives segment must maintain a minimum net worth of Rs. 5 crore as an eligibility condition for self clearing. It is issued under SEBI's regulatory powers to protect investors and regulate the securities market, applies to recognised exchanges and clearing corporations/clearing houses, and came into force on the date of the circular.
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.
Minimum net worth requirement for self clearing members in currency derivatives established under SEBI authority, effective immediately.
The circular requires that a self clearing member in the currency derivatives segment must maintain a minimum net worth of Rs. 5 crore as an eligibility condition for self clearing. It is issued under SEBI's regulatory powers to protect investors and regulate the securities market, applies to recognised exchanges and clearing corporations/clearing houses, and came into force on the date of the circular.
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