sebi:QJA/SS/MRD/MRD-SEC-3/31405/2025-26
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Facts / Headnote
Alleged violations found to be technical in nature; no penalty imposed under Section 23GA of SCRA
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 23
- s. 23J
- s. 23I
- s. 12(2)
- s. 11B(2)
- s. 12A(2)
- s. 23G
- s. 23I(2)
Regulations
- Reg. 7
- Reg. 9
- Reg. 10
- Reg. 8(2)
- Reg. 7(3)
- Reg. 3(1)
- Reg. 49
- Reg. 7(4)
- Reg. 12(5)
- Reg. 49(2)(b)
- Reg. 7(4)(b)
Parties
- Indian Clearing Corporation Limited (ICCL)
Holding
The Adjudicating Authority held that ICCL's failures regarding Inter CCP collateral maintenance, risk management mechanisms, and constitution of the Coordination Committee during April 2020 to April 2023 constituted technical violations of the SECC Regulations, Inter CCP Circular, and Inter CCP Agreement, and declined to impose any penalty under Section 23GA of the SCRA.
Full text
Order in the matter of Indian Clearing Corporation Limited _____________________________________________________________________________________
Order in the matter of Indian Clearing Corporation Limited _____________________________________________________________________________________
Order in the matter of Indian Clearing Corporation Limited _____________________________________________________________________________________
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Source: SecMarx — sebi:QJA/SS/MRD/MRD-SEC-3/31405/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.