Refund of security deposit

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....dated June 10, 2019 issued to NSE regarding refund of security deposit and arbitration mechanism after the surrender of membership of Trading Members (Annexure 1). 2. In this regard, following is advised to all exchanges regarding refund of security deposit on surrender of membership by Trading Members: A. On approval of application for surrender of Trading Member's registration by SEB....

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....receipt of surrender application by exchange from the Trading Member, or (b) three years from the date of disablement of Trading Member's trading terminals by the Exchange. 3. The stock exchanges are advised to: - (a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately; (b) bring the provis....

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....ision Department Email - [email protected] Phone No. +91-22-2644 9402   Annexure 1 Securities and Exchange Board of India Assistant General Manager Market Regulation Department - Division of SRO Administration1 E-Mail ID: [email protected] Ph: (22)-26449103 MRD/DSA/OW/14347/4/2019 June 10, 2019 Ms. Priya Subbaraman Chief Regulatory Officer National....