Principles of Financial Market Infrastructures applicability extends to AMC Repo Clearing Limited, imposing PFMI compliance obligations immediately. The circular applies the Principles of Financial Market Infrastructures (PFMIs) to AMC Repo Clearing Limited, noting that regulatory amendments enabling limited purpose clearing corporations and the formal recognition of AMC Repo Clearing Limited for repo and reverse repo in debt securities bring it within the PFMI compliance regime. The directive is effective immediately and is issued under SEBI's regulatory powers to protect investors and promote market development.
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Provisions expressly mentioned in the judgment/order text.
Principles of Financial Market Infrastructures applicability extends to AMC Repo Clearing Limited, imposing PFMI compliance obligations immediately.
The circular applies the Principles of Financial Market Infrastructures (PFMIs) to AMC Repo Clearing Limited, noting that regulatory amendments enabling limited purpose clearing corporations and the formal recognition of AMC Repo Clearing Limited for repo and reverse repo in debt securities bring it within the PFMI compliance regime. The directive is effective immediately and is issued under SEBI's regulatory powers to protect investors and promote market development.
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