Regulatory consolidation: master circular compiles SEBI circulars for stock exchanges and clearing corporations, clarifying precedence and scope. Master Circular consolidates SEBI circulars and communications up to March 31, 2019 for recognized Stock Exchanges and Clearing Corporations, incorporating Market Regulation Department guidance and relevant provisions from other SEBI departments. It comes into force on issue, updates references to repealed or amended statutes, and provides a single reference across trading, settlement, risk management, derivatives and related operational chapters. Where inconsistency exists, the original applicable circular prevails; the document also supersedes the prior master circular and is published on the regulator's website.
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.
Regulatory consolidation: master circular compiles SEBI circulars for stock exchanges and clearing corporations, clarifying precedence and scope.
Master Circular consolidates SEBI circulars and communications up to March 31, 2019 for recognized Stock Exchanges and Clearing Corporations, incorporating Market Regulation Department guidance and relevant provisions from other SEBI departments. It comes into force on issue, updates references to repealed or amended statutes, and provides a single reference across trading, settlement, risk management, derivatives and related operational chapters. Where inconsistency exists, the original applicable circular prevails; the document also supersedes the prior master circular and is published on the regulator's website.
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