https://www.taxtmi.com/circulars?id=60311 SEBI permits specified banks to become exchange members for interest rate derivatives trading, subject to exchange governing body recommendation. Membership is restricted to proprietary dealings-banks may trade only on their own account-and banks are prohibited from acting as members or agents for clients in any exchange segment. Banks must abide by RBI and SEBI circulars and directions. Exchanges are directed to amend bye-laws, notify members, disseminate the provisions publicly, and report implementation to SEBI in the Monthly Development Report. en-us Tue, 20 Jan 2004 00:00:00 +0530 Sat, 23 Mar 2019 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60311 SEBI permits specified banks to become exchange members for interest rate derivatives trading, subject to exchange governing body recommendation. Membership is restricted to proprietary dealings-banks may trade only on their own account-and banks are prohibited from acting as members or agents for clients in any exchange segment. Banks must abide by RBI and SEBI circulars and directions. Exchanges are directed to amend bye-laws, notify members, disseminate the provisions publicly, and report implementation to SEBI in the Monthly Development Report. Circulars SEBI Tue, 20 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60311