To

All Members/Participants,

This circular is issued in partial modification of circular 20211125-68 dated November 25, 2021 on the captioned subject.  

Based on member representation, and in consultation with other Clearing Corporations and SEBI, the revised penalty structure as per Annexure 1 shall be applicable for the irregularities observed with respect to the daily collateral reporting by the Clearing members.  

Further, members may please note that cutoff time for reporting of client collateral segregation data has been extended from 1 PM to 5 PM on T+1 day.  

Members may please note that the provisions of this circular shall be applicable from trade date December 16, 2021.  

For any clarification, members may contact their respective Relationship Managers or Membership & Inspection at +91-22-2272 5744 / 8365 / 8788 / 5075 or iccl.membership@icclindia.com

For and on behalf of the Indian Clearing Corporation Ltd.  

Roanna Lewis

Sr. Manager

Membership & Inspection