SEBI extends timeframe of segregation and monitoring of Collateral at Client Level

On the basis of representations received from stakeholders, SEBI has decided that provisions of the circular dated July 20, 2021 apart from provisions which states reporting mechanism by Trading Member and Clearing Member shall come into force with effect from February 28, 2022 instead of December 01, 2021. This measures will help in further firming the mechanism of protection of client collateral from misuse by trading member or clearing member and default of such members and other clients.On the basis of representations received from stakeholders, SEBI has decided that provisions of the circular dated July 20, 2021 apart from provisions which states reporting mechanism by Trading Member and Clearing Member shall come into force with effect from February 28, 2022 instead of December 01, 2021. This measures will help in further firming the mechanism of protection of client collateral from misuse by trading member or clearing member and default of such members and other clients.taxmann.com Latest Statutory HappeningsRead More

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