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of <h1>SEBI Amends 2018 Regulations: Defines Key Terms, Sets Shareholding Limits for Clearing Corporations, Updates Governance and Arbitration Rules.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, effective from October 8, 2020. These amendments define terms such as 'clearing corporation,' 'debt securities,' and 'repo transactions.' They introduce provisions for limited purpose clearing corporations, including shareholding restrictions, governance, and financial contributions. Notably, Indian residents cannot hold more than 5% of such corporations' equity, while certain entities may hold up to 15%. Foreign entities have similar restrictions. The regulations also outline the utilization of profits and the arbitration mechanism for dispute resolution.
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