SEBI : Managing Director/Executive Directorof Derivative Segment of NSE & BSE and their Clearing House / Corporation.

Securities and Exchange Board of India

Chief General Manager

Derivatives and New Products Department

SEBI/DNPD/Cir-37/2008

March 11, 2008

To

The Managing Director / Executive Director

of Derivative Segment of NSE & BSE

and their Clearing House / Corporation.

 Dear Sir,

This is in continuation of SEBI Circular No. IES/DC/8726/00 dated May 31, 2000 and Circular No. SMDRP/DC/CIR-14/02 dated December 18, 2002 regarding the eligibility criteria, market structure and governance of Derivative Exchange / Segment and their Clearing House / Corporation.

Exchanges are, henceforth, advised to submit, on a half-yearly basis i.e. on 30^th June and 31^st December, every year (starting with 31^st December, 2007), the following information with regard to the Governing Council / Executive Committee of Derivative Exchange / Segment, with regard to the Clearing Council / Executive Committee of Derivatives Clearing House / Clearing Corporation, as well as with regard to the Statutory Committees i.e., Disciplinary Action Committee, Arbitration Committee and Defaulters Committee:

• The name of the members of the respective Committee / Council.
• The respective categories to which they belong and
• The date of their appointment / nomination to the Committee / Council.

In addition to the above, the Exchanges are also advised to send complete bio-data of members of the respective committees highlighting necessary professional competence and experience in the areas related to securities / derivatives markets.

Yours faithfully, 

 Dr. Sanjeevan Kapshe