SEBI renews recognition of BSE Clearing Limited under SCRA for three years, effective October 3, 2026.
BSE Clearing’s Recognition Extended by SEBI
SEBI has renewed the recognition of BSE Clearing Limited as a clearing corporation under the Securities Contracts (Regulation) Act, 1956 (SCRA), for a period of three years, effective from October 3, 2026, to October 2, 2029. The renewal reflects BSE Clearing’s compliance with net worth, risk management, and settlement guarantee fund norms.
The recognition allows BSE Clearing to continue providing clearing and settlement services for trades executed on stock exchanges. SEBI’s assessment included oversight of default management mechanisms, margining systems, and cyber resilience infrastructure.
Implication: Market participants relying on BSE’s clearing infrastructure can continue operations without disruption. Legal and compliance teams should monitor any subsequent circulars related to changes in clearing obligations or default waterfall mechanisms.
Citations
- Securities Contracts (Regulation) Act, 1956
