SEBI specifies qualified financial market participants under Bilateral Netting of Qualified Financial Contracts Act, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA
Mumbai, the 12th May, 2021
No. SEBI/LAD-NRO/GN/2021/24.—In exercise of the powers conferred by clause (b) of Section 4 read with sub-clause (vi) of clause (o) of sub-section (1) of section 2 of the Bilateral Netting of Qualified Financial Contract Act, 2020 (30 of 2020), the Securities and Exchange Board of India hereby specifies the following entities as qualified financial market participants, which subject to the provisions as may be specified by the Securities and Exchange Board of India, may enter into qualified financial contracts notified by any regulatory authority as specified in the First Schedule: –
1. Mutual Fund registered with Securities and Exchange Board of India; and
2. Alternative Investment Fund registered with Securities and Exchange Board of India.
AJAY TYAGI, Chairman