To
All Members/Participants,
SEBI had issued circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, on the subject “Upstreaming of clients’ funds by Stock-brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)”. Further, SEBI has issued another circular carrying reference no SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/110 dated 30th June 2023.
In this regard, ICCL has formulated a penalty structure for any non-compliance of the provisions of the aforementioned notices. The penalty structure is enclosed as Annexure A which shall be applicable w.e.f. September 01, 2023.
Members are advised to take note and strictly comply with the above guidelines.
In case of any clarifications, members may contact us on details given as under:
|
Contact Nos.
|
022-2272 8788 / 5075
|
|
Email ID
|
compliance.iccl@icclindia.com
|
For and on behalf of the Indian Clearing Corporation Limited.
Anand Shaha
General Manager
Regulatory & Compliance
|