Interoperability deadline for clearing corporations extended by a month

Home Markets Interoperability deadline for clearing corporations extended by a month
Interoperability deadline for clearing corporations extended by a month

To ensure seamless and non-disruptive transition to interoperability, leading stock exchanges BSE and NSE have decided to provide a further one-month to such clearing corporation so that the requisite development of systems and process, and testing thereof, could be completed.

Clearing members have been mandatorily asked move to interoperable framework by July 1, 2019.

Sebi on November 27, 2018, had laid down the broad guidelines for operationalising the interoperable framework among clearing corporations, which were required to be adhered to and operationalised by stock exchanges and clearing corporations by June 01.

“While a large number of cleaRead More – Source

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