https://www.taxtmi.com/circulars?id=69439 The circular amends Core SGF stress-testing coverage by requiring Clearing Corporations to calculate credit exposure for each scenario based on the simultaneous default of at least three clearing members (and their associates) causing the highest credit exposure. It also adds a provision permitting SEBI, after due deliberation, to grant case-by-case exemptions or relaxations from strict enforcement of SGF provisions, considering market conditions, adequacy of risk management framework and investor protection. en-us Mon, 16 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69439 The circular amends Core SGF stress-testing coverage by requiring Clearing Corporations to calculate credit exposure for each scenario based on the simultaneous default of at least three clearing members (and their associates) causing the highest credit exposure. It also adds a provision permitting SEBI, after due deliberation, to grant case-by-case exemptions or relaxations from strict enforcement of SGF provisions, considering market conditions, adequacy of risk management framework and investor protection. Circulars SEBI Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69439