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Core Purpose

SEBI notification renewing, for three years, the recognition of NSE Clearing Limited as a Clearing Corporation under the Securities Contracts (Regulation) Act, 1956.

Detailed Summary

Securities and Exchange Board of India notification No. SEBI/LAD-NRO/GN/2023/153, dated 27th September 2023, Mumbai, records that having considered NSE Clearing Limited's (Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Mumbai-400051) application under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, and being satisfied it is in the interest of trade, the securities market, and the public interest, SEBI, in exercise of powers under section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, grants renewal of recognition to the Clearing Corporation for three years commencing 3rd October 2023 and ending 2nd October 2026, subject to conditions specified by SEBI from time to time; signed by Ananth Narayan G., Whole Time Member.

Full Text

6149 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 669] NEW DELHI, WEDNESDAY , SEPTEMBER 27, 2023/ ASVINA 5, 1945 CG-MH-E-27092023-249033 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai , the 27th September , 2023 No. SEBI/LAD -NRO/GN/2023/153 .—The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulat ions, 2018 by NSE Clearing Limited, Exchange Plaza, C -1, Block -G, Bandra Kurla Complex, Mumbai – 400051 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 three years commencing on the 3rd day of Octob er, 2023 and ending on the 2nd day of October, 2026, subject to the conditions stated herein below or as may be prescribed or imposed hereafter:  The Clearing Corporation shall comply with conditions specified by SEBI from time to time ANANTH NARAYAN G ., Whole Time Member [ADVT. -III/4/Exty./ 451/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Maya puri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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