Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories

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....f Master Circular by Stock Exchanges, Clearing Corporations and Depositories 1. Stock Exchanges, Clearing Corporations and Depositories (hereinafter collectively referred to as 'Market Infrastructure Institutions (MIIs)') communicate with market participants including investors on a regular basis by way of circulars, directions, operating instructions, communiques or any other mode of communica....

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.... Circular shall not include the following: i. Bye-laws, Rules and Regulations issued by MIIs. ii. Status of any compliance by the market participant. iii. Actions taken against any entity. d. Each Master Circular shall contain a list of all guidelines incorporated therein as well as a provision rescinding all such guidelines with effect from the date of implemen....

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....es, any penalty, incurred in respect of any violation committed against the rescinded guidelines, or any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty as aforesaid, shall remain unaffected as if the rescinded guidelines have never been rescinded." 3. The first Master Circular incorporating all the guidelines applicable as on Ma....