Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2022

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....s (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, namely:- 1. These Regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2022. 2. They shall come into force on date of their publication in the Official Gazette. 3. In the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018,- I. Regulation 22C shall be substituted with the following regulation, namely,- "22C. (1) The governing board of a recognized limited purpose clearing corporation shall include: (a) nominee directors; (b) independent directors; (c) managing director; and (d) such oth....

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....f India, the compliance requirements shall be made applicable to the limited purpose clearing corporation after consultation with the Reserve Bank of India. 22H. In case the limited purpose clearing corporation is required to obtain the prior approval of the Board and the Reserve Bank of India, the limited purpose clearing corporation shall obtain the prior approval of the Board before seeking approval from the Reserve Bank of India." IV. in regulation 23, i. in clause (c) of sub-regulation (1), the symbol "." shall be substituted with the symbol ":" ii. after clause (c) of sub-regulation (1), the following proviso shall be inserted, namely, - "Provided that for the purpose of limited purpose clearing ....