Amendment to Securities Lending Scheme, 1997

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....introduced the Securities Lending Scheme to facilitate securities settlement. Further, to enable settlement of securities sold short, SEBI vide Circular No. MRD/DoP/SE/Dep/Cir-14/2007 dated December 20, 2007 has, inter-alia, decided to put in place a full-fledged securities lending and borrowing (SLB) scheme under the over-all framework of Securities Lending Scheme, 1997. The SLB framework has bee....

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.... Point 8 under Annexure-B stands modified and read as follows: "8. A receipt shall be sent to the approved intermediaries after the realization of the payment through the any of the modes specified at Point 7" 4. SEBI circular dated May 07, 1997 shall, accordingly, be modified to the above extent. All other provisions of the said SEBI circulars shall continue to remain applicable. 5. The provi....