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<h1>SEBI Issues Master Circular for Stock Exchanges and Clearing Corporations, Effective October 16, 2023, Consolidating Past Guidelines.</h1> The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Stock Exchanges and Clearing Corporations, effective from October 16, 2023. This circular consolidates all relevant SEBI circulars and communications up to August 31, 2023, and updates references to repealed statutes and regulations. It rescinds previous circulars listed in Schedule I but maintains the validity of actions, registrations, and applications made under those circulars. The Master Circular supersedes the 2021 version and aims to protect investors and regulate the securities market under the SEBI Act, 1992. Definitions align with existing securities regulations unless otherwise specified.