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of <h1>MIIs to Issue Annual Master Circulars by April 30, Consolidating Guidelines and Archiving Rescinded Ones.</h1> Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories, are directed to issue Master Circulars consolidating all guidelines applicable as of March 31 each year, organized by subject. These circulars must exclude bye-laws, compliance statuses, and actions against entities. They should list incorporated guidelines and rescind previous ones, which will be archived online. A savings clause ensures prior actions under rescinded guidelines remain valid. The first Master Circular is due by June 30, 2023, with annual updates by April 30. MIIs must amend relevant rules and disseminate the circulars to stakeholders.
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