Government

June 08, 2017

SEBI issues notification on “Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2017”


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SEBI

The Securities and Exchange Board of India has made regulations to further amend the “Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012.”

The amended version is called the “Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2017.”

The amended version shall come into force on the date of its publication in the Official Gazette.

In the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012,

(I) in regulation 2, in sub-regulation (1), in clause (fa),

(a) after the words “selling or dealing” and before the words “in commodity derivatives”, the word “only” shall be deleted;

(b) after the words “in commodity derivatives” and before the symbol “.”, the words “and option in securities with the prior approval of the Board” shall be inserted.

(II) in regulation 2, in sub-regulation (1), in clause (ia), the words “derivatives on all commodities as notified by the Central Government from time to time” shall be substituted with the words “commodity derivatives and option in securities with the prior approval of the Board”.

(III) in regulation 44D, in sub-regulation (1), in clause (c), after the words “dealing in commodity derivatives” and before the symbol and word “, except”, the words “and option in securities” shall be inserted.

A copy of the Notification is enclosed herewith for reference. For English, please refer to pages 3 and 4.

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