Segregation and Monitoring of Collateral at Client Level – Extension of timeline
Summary
SEBI extends the compliance timeline for collateral segregation and monitoring provisions from February 28, 2022, to May 02, 2022. This extension applies to the circular dated July 20, 2021, excluding paragraphs 4 and 5 which had earlier effective dates. The order is issued under Section 11(1) of the SEBI Act and Section 10 of the SCRA.
Text
provisions of the said circular dated July 20, 2021 (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from May 02, 2022
This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 , read with Section 10 of the Securities Contracts (Regulation) Act, 1956
Source: SecMarx — Segregation and Monitoring of Collateral at Client Level – Extension of timeline. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.