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Settlement mechanism flexibility: authorised bank and payment-aggregator channels may be used to settle RFQ platform trades immediately. SEBI permits, alongside Real-Time Gross Settlement, payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India to be used for settlement of trades executed on the RFQ platform; Stock Exchanges and Clearing Corporations must put in place necessary infrastructure, amend relevant bye-laws and disseminate the changes, with immediate effect.
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.
Settlement mechanism flexibility: authorised bank and payment-aggregator channels may be used to settle RFQ platform trades immediately.
SEBI permits, alongside Real-Time Gross Settlement, payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India to be used for settlement of trades executed on the RFQ platform; Stock Exchanges and Clearing Corporations must put in place necessary infrastructure, amend relevant bye-laws and disseminate the changes, with immediate effect.
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