https://www.taxtmi.com/circulars?id=65623 The SOP amendment requires supervised settlement of client credit balances by using available member funds and market infrastructure unencumbered deposits, after dues and buffer maintenance. Payments begin with the smallest balances: amounts below a specified threshold paid in full where funds permit, amounts above that threshold paid pro rata from remaining funds. Market infrastructures may invoke bank guarantees, encash FDRs, net client balances across exchanges and settle in tranches. Members must provide proof of payment, exclude related parties by undertaking, indemnify market infrastructures against shortfalls, and allow client withdrawals by unconditional letter; implementation is required within a set timeline. en-us Fri, 27 May 2022 00:00:00 +0530 Fri, 27 May 2022 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65623 The SOP amendment requires supervised settlement of client credit balances by using available member funds and market infrastructure unencumbered deposits, after dues and buffer maintenance. Payments begin with the smallest balances: amounts below a specified threshold paid in full where funds permit, amounts above that threshold paid pro rata from remaining funds. Market infrastructures may invoke bank guarantees, encash FDRs, net client balances across exchanges and settle in tranches. Members must provide proof of payment, exclude related parties by undertaking, indemnify market infrastructures against shortfalls, and allow client withdrawals by unconditional letter; implementation is required within a set timeline. Circulars SEBI Fri, 27 May 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65623