Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
RECOGNITION OF STOCK EXCHANGES AND CLEARING CORPORATIONS
Regulation 3	:	Obligation to seek recognition
Regulation 4	:	Application for recognition
Regulation 5	:	Fee for application
Regulation 6	:	Documents and particulars for application
Regulation 7	:	Consideration of grant of recognition
Regulation 8	:	Power to make inquiries and call for information
Regulation 9	:	Grant of recognition
Regulation 10	:	Period of recognition
Regulation 10A	:	Code of conduct for recognised stock exchanges and recognised clearing corporations
Regulation 11	:	Regulatory fee
Regulation 12	:	Renewal of recognition
Regulation 13	:	Withdrawal of recognition
Chapter: III
NETWORTH OF STOCK EXCHANGE AND CLEARING CORPORATION
Regulation 14	:	Net worth requirements
Chapter: IV
OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS
Regulation 15	:	Definitions
Regulation 16	:	General conditions
Regulation 17	:	Shareholding in a recognised stock exchange
Regulation 18	:	Shareholding in a recognised clearing corporation
Regulation 19	:	Eligibility for acquiring or holding shares
Regulation 19A	:	Monitoring of shareholding limits
Regulation 20	:	Requirement and criteria of fit and proper
Regulation 21	:	Disclosure of shareholding
Regulation 22	:	Record keeping
Chapter: IV-A
LIMITED PURPOSE CLEARING CORPORATION
Regulation 22A	:	Applicability
Regulation 22B	:	Shareholding in a recognised limited purpose clearing corporation
Regulation 22C	:	The governing board of a recognized limited purpose clearing corporation shall include
Regulation 22D	:	Contribution to the Settlement Guarantee Fund
Regulation 22E	:	Utilization of profits and investments
Regulation 22F	:	Dispute resolution Mechanism
Regulation 22G	:	General Provisions
Regulation 22H	:	Limited purpose clearing
Chapter: V
GOVERNANCE OF STOCK EXCHANGES AND CLEARING CORPORATIONS
Regulation 23	:	Composition of the governing board
Regulation 23A	:	Nominees of the Board on the governing board of a recognised stock exchange and recognised clearing corporation
Regulation 24	:	Conditions of appointment of directors
Regulation 25	:	Appointment of managing director
Regulation 26	:	Code of Conduct for directors and key management personnel
Regulation 27	:	Compensation and tenure of key management personnel
Regulation 28	:	Segregation of functions
Regulation 29	:	Statutory committees
Regulation 29A	:	Grievance Redressal Panel
Regulation 30	:	Appointment of compliance officer
Regulation 30A	:	Appointment of the chief risk officer
Regulation 31	:	Contribution to the Settlement Guarantee Fund
Regulation 32	:	Transfer of penalties
Regulation 33	:	Disclosure and corporate governance norms
Chapter: VI
GENERAL OBLIGATIONS
Regulation 34	:	Clearing and settlement of trades
Regulation 35	:	Agreement between stock exchange and clearing corporation
Regulation 36	:	Admission of securities for clearing and settlement
Regulation 37	:	Fund to guarantee settlement of trades
Regulation 38	:	Utilization of profits and investments
Regulation 38A	:	Administration of specified intermediaries
Regulation 39	:	Equal, fair and transparent access
Regulation 39A	:	Information and Data Sharing Policy
Regulation 40	:	Maintenance of books of accounts and records
Regulation 41	:	Submission of annual financial statements and returns
Regulation 42	:	Bye-laws and rules of stock exchanges and clearing corporation
Regulation 43	:	Settlement and netting
Regulation 43A	:	Obligation of Clearing Corporation in Commodity Derivatives
Regulation 44	:	Right of Clearing Corporation
Regulation 44A	:	Orderly Winding Down
Chapter: VIA
RESTRICTION IN DEALING WITH UNREGULATED ENTITIES
Regulation 44B	:	Restriction in having association with certain persons
Regulation 44C	:	Disciplinary Actions for Violation of regulation 44B
Chapter: VII
LISTING OF SECURITIES
Regulation 45	:	Listing
Regulation 46	:	Dematerialization
Chapter: VIII
INSPECTION, ENQUIRIES AND ENFORCEMENT
Regulation 47	:	Power to call for information
Regulation 48	:	Power of inspection
Regulation 49	:	Power to issue directions and levy penalty
Chapter: VIII-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 49A	:	Exemption from enforcement of the regulations in special cases
Chapter: IX
MISCELLANEOUS
Regulation 50	:	Power to remove difficulties
Regulation 50A	:	Power to relax the strict enforcement of the regulations
Regulation 51	:	Power to specify procedures and issue clarifications
Regulation 52	:	Repeal and savings
SCHEDULE
Schedule - I	:	Application for recognition of clearing corporation under regulation 4/ Application for renewal of recognition of clearing corporation under regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
Schedule - II (Part - A)	:	Code of Conduct for Stock Exchanges and Clearing Corporations
Schedule - II (Part - B)	:	Code of Conduct for governing board, directors, committee members and key management personnel
Schedule - II (Part - C)	:	Core functions of recognised stock exchange and recognised clearing corporation
Schedule - II (Part - D)	:	Application for seeking recognition as a Stock Exchange/ Clearing Corporation
Schedule - II (Part - E)	:	Bye-laws of Clearing Corporation, and procedure for submitting amendments to Articles/Rules/Bye- laws, etc., of a recognised stock exchange / recognized clearing corporation for approval of the Board
Schedule - II (Part - F)	:	Application for grant of approval for holding equity shares in a recognized stock exchange or recognized clearing corporation.
Schedule - II (Part - G)	:	Monitoring of shareholding limits
Schedule - II (Part - H)	:	Appointment of Directors
Schedule - II (Part - I)	:	Norms for compensation policy
Schedule - II (Part - J)	:	Miscellaneous
Schedule - III	:	Rate of Regulatory Fee