Revision of Net worth Requirements for Clearing Corporations in International Financial Services Centre (IFSC):

Vide a circular dated 26th April, 2019, SEBI has amended the SEBI (IFSC) Guidelines, 2015. Under the revised norms, every applicant seeking recognition as a clearing corporation shall have a minimum net worth of Rs. 50 Crores in form liquid assets which they shall maintain on commencement of operations in the form of liquid assets or   capital   as   determined   in   accordance   with the SEBI  circular  dated  10th April, 2019  as  amended  from  time  to  time and enhance to the minimum equivalent of Rs. 100 crores over a period of 3 years from the commencement of operation.

For reading the circular, please click here.

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