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of <h1>SEBI Grants Three-Year Renewal to Clearing Corporation Under Regulation 12, Boosting Securities Market and Public Interest.</h1> The Securities and Exchange Board of India (SEBI) has granted a three-year renewal of recognition to a clearing corporation under the Securities Contracts (Regulation) Act, 1956. The recognition is effective from October 3, 2017, to October 2, 2020. This decision, made under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, is deemed beneficial for trade, the securities market, and public interest. The clearing corporation must adhere to conditions specified by SEBI, which may be updated periodically.
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