SEBI revised the minimum haircuts applicable to the Central Government securities deposited by the clearing members

Feb 21, 2019 | by Avantis RegTech Legal Research Team


Securities Exchange Board of India (SEBI) on February 21, 2019, with the recommendations of the Risk Management Review Committee, has passed a Circular revising the minimum haircuts applicable to the Central Government securities deposited by clearing members. SEBI made changes vide Circular dated February 23, 2005, of “Comprehensive Risk Management Framework for the cash market” where the haircuts for the acceptable liquid assets deposited by members are specified.

The Annexure – I of the Circular has been modified as far as it relates to the haircut on the Central Government Securities.

[Circular No.: SEBI/HO/MRD/DRMNP/CIR/P/2019/33]

 

URL: https://www.sebi.gov.in/legal/circulars/feb-2019/revision-in-haircut-on-central-government-securities-g-sec-accepted-as-collateral_42112.html


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