SEBI Consolidates Stock Exchange Regulations Under Section 11(1) in New Master Circular Effective December 2024

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....SEBI issued a comprehensive Master Circular consolidating all previous directives for Stock Exchanges and Clearing Corporations effective December 30, 2024. The circular supersedes the previous master circular dated October 16, 2023, and incorporates all relevant communications issued until October 31, 2024. While rescinding previous circulars, it preserves prior actions, registrations, approvals, and pending proceedings under the corresponding provisions. The circular draws authority from Section 11(1) of SEBI Act, 1992 and Regulation 51 of SC(R)(SECC) Regulations, 2018, maintaining regulatory continuity while updating statutory references to reflect current legislation.....