Securities And Exchange Board of India (Stock Brokers And Sub-Brokers) (Amendment) Regulations, 2001.

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....nt) Regulations,2001. (ii) They shall come into force on the date of their publication in the Official Gazette. II. In the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992 :- 1. In regulation 2, after clause (f), the following clause shall be inserted; namely:- (fa) self-clearing member' means a member of a clearing corporation or clearing house of the derivatives exchange or derivatives segment of a stock exchange who may clear and settle transactions on its own account or on account of its clients only, and shall not clear or settle transactions in securities for any other trading member(s)." 2. In regulation 16A, in sub-regulation (2);- a) the words "or self-clearing member" shall be inse....

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....sub-regulation (1), the words "self -clearing member" shall be inserted after the words "a trading member,"; (ii) in sub-regulation (2), the words "or self-clearing member shall be inserted after the words "clearing member"; (iii) in sub-regulation (3), the words "or self-clearing member" shall be inserted after the words "clearing member". (iv) In sub-regulation (4), the words "or self-clearing member" shall be inserted after the words "clearing member". 7. In Schedule I;- a) In Form AA;- i) In the Heading of Form AA, the words "and / or a self- clearing member" shall be inserted after the words "clearing member"; ii) In item 3, the words "and / or a self-clearing member" shall be Inserted after the words "clearing member"; and ....