https://www.taxtmi.com/acts?id=36257 Recognised clearing corporations must establish and maintain a Fund for each segment to guarantee settlement of trades; existing funds of stock exchanges shall be transferred to the clearing corporation and until transfer may be used only for Board- and byelaw specified settlement obligations. The Fund will be utilised to complete settlement on clearing member default, its corpus must be adequate for such failures, sufficiency is subject to periodic stress tests as specified by the Board, and contribution and utilisation follow Board norms. en-us Wed, 06 Mar 2019 10:05:41 +0530 Wed, 06 Mar 2019 10:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36257 Recognised clearing corporations must establish and maintain a Fund for each segment to guarantee settlement of trades; existing funds of stock exchanges shall be transferred to the clearing corporation and until transfer may be used only for Board- and byelaw specified settlement obligations. The Fund will be utilised to complete settlement on clearing member default, its corpus must be adequate for such failures, sufficiency is subject to periodic stress tests as specified by the Board, and contribution and utilisation follow Board norms. Act-Rules SEBI Wed, 06 Mar 2019 10:05:41 +0530 https://www.taxtmi.com/acts?id=36257