Benami transaction and beneficial ownership: documentary and circumstantial evidence show payors were true beneficiaries, resulting in PBPTA consequen...
Denial of Preferential Treatment under SAFTA overturned where unchallenged Country of Origin certificate warranted exemption under Notification benefi...
Amendment revises Core Settlement Guarantee Fund coverage for the commodity derivatives segment to require clearing corporations to calculate credit exposure for standardized stress tests based on the simultaneous default of at least three clearing members (and their associates) causing highest credit exposure, replacing the prior two-member scenario and related provision. The circular also adds a provision permitting SEBI to grant case-by-case exemptions or relaxations from SGF requirements after considering market conditions and adequacy of risk management, and it takes immediate effect.
Amendment revises Core Settlement Guarantee Fund coverage for the commodity derivatives segment to require clearing corporations to calculate credit exposure for standardized stress tests based on the simultaneous default of at least three clearing members (and their associates) causing highest credit exposure, replacing the prior two-member scenario and related provision. The circular also adds a provision permitting SEBI to grant case-by-case exemptions or relaxations from SGF requirements after considering market conditions and adequacy of risk management, and it takes immediate effect.
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