Securities and Exchange Board of India

The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation

Issue Date: 09 January 2025 Published: 09 January 2025

Gazette ID: CG-MH-E-09012025-260096 Download PDF

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Core Purpose

SEBI renews the recognition of AMC Repo Clearing Limited for one year, effective from January 17, 2025, to January 16, 2026, subject to regulatory compliance.

Detailed Summary

The Securities and Exchange Board of India (SEBI) has issued a notification to renew the recognition of AMC Repo Clearing Limited as a Clearing Corporation. This decision follows SEBI's consideration of AMC Repo Clearing Limited's application under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. SEBI is satisfied that this renewal is in the interest of trade, the securities market, and the public. The renewal is granted for one year, commencing on January 17, 2025, and concluding on January 16, 2026. AMC Repo Clearing Limited must adhere to the conditions stipulated by SEBI. The scope of activities for AMC Repo Clearing Limited is limited to clearing and settling transactions related to repo and reverse repo in debt securities traded on recognized stock exchanges.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-09012025-260096 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 36] NEW DELHI, THURSDAY, JANUARY 9, 2025/PAUSHA 19, 1946 265 GI/2025 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 9th January, 2025 No. SEBI/LAD-NRO/GN/2025/224.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, by AMC Repo Clearing Limited, Unit No. 503, Windsor, Off CST Road, Kalina, Santacruz East, Mumbai – 400098 and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Clearing Corporation for one year commencing on the 17th day of January, 2025 and ending on the 16th day of January, 2026, subject to the condition that the Clearing Corporation shall comply with the conditions as may be prescribed by rules or specified by the Securities and Exchange Board of India from time to time: Provided that the Clearing Corporation shall not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognized stock exchange. ANANTH NARAYAN G, Whole Time Member [ADVT.-III/4/Exty./892/2024-25]

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