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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Guidelines to Stock Exchanges, Clearing Corporations and Depositories

22-Nov-2024 | SEBI/HO/MRD/POD-3/P/CIR/2024/162

SEBI has issued Guidelines to Stock Exchanges, Clearing Corporations and Depositories, effective from 1st April 2025. Key highlights- 1. Timeline for submission of the quarterly non-compliance report in terms of Regulation 30(3) of SECC Regulations and Regulation 81(3) of Depositories and Participants Regulations 2018 by the Compliance Officer to SEBI is provided, i.e. within 45 days from the end of the quarter. (Para 1,2 of Guidelines) 2. The formats for the quarterly non-compliance report are provided at Annexure A1 (for stock exchanges and clearing corporations) and Annexure A-2 (for depositories). (Para 1.2 of Guidelines) 3. Market Infrastructure Institutions need to formulate internal Standard Operating Procedures for undertaking disciplinary actions against Key Managerial Persons for any non - compliance with regulatory provisions and internal guidelines. 4. TImeline for submission of half-yearly risk management report of recognised stock exchange or clearing corporation in terms of Regulation 30A(2) of SECC Regulations and Regulation 81A(2) of Depositories and Participants, Regulations 2018 by Chief Risk Officer is provided, i.e. within 90 days from end of half year. The format of report is specified at Annexure-B. Kindly refer to the attached circular for more information.

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