SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020,put in place a framework of ‘Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System’ to mitigate the risk of misappropriation or misuse of client’s securities available with the Trading Member (TM)/ Clearing Member (CM)/ Depository Participant (DP),including use of one client’s securities to meet the exposure, margin or settlement obligations of another client or of the TM / CM.
In light of the public comments and discussions with the stakeholders, SEBI has decided to adopt a framework for segregation and monitoring of collateral at client level.
The new framework consists of Reporting Mechanism by TMs and CMs, Collateral Valuation, blocking of margins, change of allocation, client margin reporting, settlement, withdrawal of collateral, default management process. The circular issued in this regard also includes illustrations.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…