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of A securities regulator extended the implementation date for its June 3, 2025 circular requiring margins to be provided by pledge/re-pledge in the depository system from September 1 to October 10, 2025, after depositories requested more time for system development and end-to-end testing. Recognized stock exchanges, depositories and clearing corporations are directed to notify members, implement necessary systems and procedures, and amend relevant bye-laws, rules and regulations to ensure compliance. The directive is issued under the regulator's statutory powers to protect investors and regulate the securities market.
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