Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2016.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rporations) (Second Amendment) Regulations, 2016 No. SEBI/LAD/NRO/GN/2015-16/037.-In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act, 1956 read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities Contracts (Reg....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tituted; (c) for the words and symbols ", subject to the following:- ", the symbol ":" shall be substituted; (d) sub-clauses (a), (b) and (c) shall be omitted; (e) the following proviso shall be inserted, namely: - "Provided that no foreign portfolio investor shall acquire shares of a recognised stock exchange otherwise than through the secondary market." ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... "Provided that no foreign portfolio investor shall acquire shares of a recognized clearing corporation otherwise than through the secondary market." iii. in Regulation 23, in sub-regulation (9), for the word "institutional", the word "portfolio" shall be substituted. U.K. SINHA, Chairman [ADVT.-III/4/Exty./692B/398] Footnote: 1. The SC(R)(Stock Exchanges and Clearing Corporation....