SEBI Issues Circular in Regard to Master Circular by Stock Exchanges, Clearing Corporations and Depositories

On 20th April 2023, the Securities and Exchange Board of India (SEBI) Issued a Circular in Regard to Master Circulars by Stock Exchanges, Clearing Corporations and Depositories.

Stock Exchanges, Clearing Corporations and Depositories (hereinafter collectively referred to as ‘Market Infrastructure Institutions (MIIs)’) communicate with market participants, including investors, on a regular basis by way of circulars, directions, operating instructions, communique or any other mode of communication (hereinafter collectively referred to as
‘guidelines’) for necessary compliance. This has led to a plethora of guidelines by the MIIs on various subjects.