SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 26th May, 2017

SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) (THIRD AMENDMENT) REGULATIONS, 2017

No. SEBI/LAD-NRO/GN/2017-18/003.—In exercise of the powers conferred by sections 4, 8A and 31 of the Securities Contracts (Regulation) Act, 1956 read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, namely –

1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2017.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012,

(I) in regulation 2, in sub-regulation (1), in clause (fa) –

(a) after the words “selling or dealing” and before the words “in commodity derivatives”, the word “only” shall be deleted;

(b) after the words “in commodity derivatives”, and before the symbol “.”, the words “and option in securities with the prior approval of the Board” shall be inserted.

(II) in regulation 2, in sub-regulation (1), in clause (ia), the words “derivatives on all commodities as notified by the Central Government from time to time” shall be substituted with the words “commodity derivatives and option in securities with the prior approval of the Board”.

(III) in regulation 44D, in sub-regulation (1), in clause (c), after the words “dealing in commodity derivatives”, and before the symbol and word “, except”, the words “and option in securities” shall be inserted.

AJAY TYAGI, Chairman

[ADVT.-III/4/Exty./85/17]

Footnote:

1. The Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 were published in the Gazette of India on 20th June, 2012 vide F. No. LAD­NRO/GN/20 12-13/07/13546.

2. The Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 were subsequently amended –

(a) on 2nd September, 2013 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/20 13- 20 14/14/2 1/6463.

(b) on 8th September, 2015 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015 vide No. LAD-NRO/GN/20 15- 16/016.

(c) on 11th January, 2016 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2016 vide No. SEBI/LAD-NRO/GN/ 2015-16/29.

(d) on 7th March, 2016 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2016 vide No. SEBI/LAD/NRO/ GN/2015-16/037.

(e) on 29th August, 2016 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2016 vide No. SEBI/L.A.D.- N.R.O./G.N./20 16-17/011.

(f) on 12th January, 2017 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/G.N./ 2016-17/020.

(g) on 15th February, 2017 by the Securities and Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/ G.N./20 16-17/033.

(h) March 6th, 2017 by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide notification no. SEBI/LAD/NRO/GN/ 2016-17/037 read with notification no. SEBI/LAD/NRO/GN/20 16-17/38 dated March 29, 2017.

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