Securities and Exchange Board of India (SEBI) has renewed the recognition of AMC Repo Clearing Limited under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. The renewal, effective from January 17, 2025, to January 16, 2026, allows the Clearing Corporation to continue its role in clearing and settling transactions in repo and reverse repo agreements for debt securities traded on recognized stock exchanges. SEBI’s decision, made under the Securities Contracts (Regulation) Act, 1956, aims to serve the interests of trade, the securities market, and public interest.
The renewal is subject to compliance with rules and conditions specified by SEBI. AMC Repo Clearing Limited is restricted to clearing and settlement activities related to debt securities and cannot undertake any other operations.
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]
