SEBI Strengthens Risk Management Framework for Clearing Corporations (CCs)
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- Last Updated on 31 May, 2024
Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/65, Dated: 29.05.2024
SEBI has reviewed the existing collaterals accepted by CCs and specified the prudential norms for the exposure of CCs. As per the amended norms, units of growth plan of overnight mutual fund schemes shall be accepted as Cash Equivalent by CCs with a haircut of 5%. Earlier, a limit of 10% was specified. The 10% haircut remains unchanged for other overnight mutual fund plans. Further, the Prudential Norms for Exposure of CCs have also been specified. The circular shall be effective from 01st Aug 2024.
Click Here To Read The Full Circular
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