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    <description>SEBI&#039;s Committee submitted Model Rules divided into four Parts: Part A (rules already effected via SEBI/GOI instruments), Part B (rules to be implemented by exchanges now), Part C (rules to await demutualisation/corporatisation) and Part D (rules requiring statutory/regulatory amendment). Exchanges are advised to implement Part B, may adopt Part A where material differences exist, seek approvals from their governing bodies, notify SEBI of implementation difficulties and submit a compliance report within the prescribed period. Prevailing SEBI/GOI provisions continue to govern overlapping matters.</description>
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