Acceptance of Bank Guarantees by Clearing Corporations in International Financial Services Centre (IFSC)

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....al Financial Services Centre (IFSC) 1) SEBI vide circular no. SEBI/HO/MRD/DSA/CIR/P/2016/125 dated November 28, 2016, specified the guidelines for functioning of Stock Exchanges and Clearing Corporations in IFSC. 2) Based on the feedback received from the clearing corporations, it has been decided to amend para 2.6.3 of the abovementioned SEBI circular dated November 28, 2016, to read as under -....

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.... b) bring the provisions of this circular to the notice of their members and also disseminate the same on its website; and c) communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Report. 4) This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the intere....