भारतीय प्रततभतू त और तितिमय बोर्ड
Securities and Exchange Board of India
MASTER CIRCULAR
SEBI/HO/MRD/DP/CIR/P/117 October 25, 2019
To,
All Recognized Stock Exchanges
All Recognized Clearing Corporations
Dear Sir / Madam,
Sub: Master Circular for Stock Exchange and Clearing Corporation
1. Securities and Exchange Board of India (SEBI), from time to time, has been
issuing various circulars/directions to Stock Exchanges and Clearing
Corporations. In order to enable the users to have an access to all the applicable
circulars/directions at one place, Master Circular for Stock Exchanges and
Clearing Corporations has been prepared.
2. This Master Circular is a compilation of the relevant circulars/communications
issued by SEBI up to March 31, 2019 and shall come into force from the date of
its issue. References in the circular to the Statutes/Regulations which now
stand repealed, have been suitably updated.
3. The Master Circular is a compilation of all the existing/applicable circulars
issued by Market Regulation Department of SEBI pertaining to Stock
Exchanges and Clearing Corporations. Efforts have been made to incorporate
applicable provisions of existing circulars issued by other Departments of SEBI
relevant to Stock Exchanges and Clearing Corporations.
4. In case of any inconsistency between the Master Circular and the applicable
circulars, the content of the relevant circular shall prevail.
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भारतीय प्रततभतू त और तितिमय बोर्ड
Securities and Exchange Board of India
5. This Master Circular shall supersede previous Master Circular
CIR/MRD/DP/CIR/P/2016/135 dated December 16, 2016 and is available on
SEBI website at www.sebi.gov.in.
Yours faithfully
Amit Tandon
General Manager
Encl:
Chapter 1- Trading
Chapter 2- Trading Software Technology BCP New
Chapter 3- Settlement
Chapter 4- Comprehensive Risk Management for Cash Market
Chapter 5- Exchange Traded Derivatives
Chapter 6- Administration of Stock Exchanges
Chapter 7- TFTS
Chapter 8- IFSC
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