Contribution to Settlement Guarantee Fund requires exchanges, clearing corporations and members to contribute and replenish shortfalls. The amendment substitutes regulation 33 to require that the contribution to the Settlement Guarantee Fund specified in regulation 39 be made by the recognised stock exchange, the recognised clearing corporation and the clearing members as specified by the Board, and requires the recognised clearing corporation and recognised stock exchange to replenish any shortfall to the threshold level specified by the Board.
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Provisions expressly mentioned in the judgment/order text.
Contribution to Settlement Guarantee Fund requires exchanges, clearing corporations and members to contribute and replenish shortfalls.
The amendment substitutes regulation 33 to require that the contribution to the Settlement Guarantee Fund specified in regulation 39 be made by the recognised stock exchange, the recognised clearing corporation and the clearing members as specified by the Board, and requires the recognised clearing corporation and recognised stock exchange to replenish any shortfall to the threshold level specified by the Board.
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