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<h1>New Guidelines for Investor and Customer Protection Funds at Stock Exchanges by SEBI to Safeguard Against Defaults.</h1> The circular outlines comprehensive guidelines for the Investor Protection Fund (IPF) and Customer Protection Fund (CPF) at stock exchanges, mandated by the Central Government and regulated by SEBI. It standardizes the constitution, management, and utilization of these funds to ensure protection for investors against defaulting members. Stock exchanges are required to align their IPF/CPF practices with these guidelines, which include contributions from listing fees and interest, claim filing procedures, and compensation limits. The guidelines also specify the disbursement process for legitimate claims and the management of unutilized funds post-demutualization, with SEBI acting as trustee if necessary.