Regulation 35 - Agreement between stock exchange and clearing corporation - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Agreement between stock exchange and clearing corporation 35. (1) Subject to provisions of sub-regulation (2), a recognised stock exchange shall avail the service of a recognised clearing corporation pursuant to an agreement in writing between them stipulating their rights and obligations, the conditions for admission of securities for clearing and settlement, risk management measures, charges for clearing and settlement and other incidental and consequential matters. 1 [ Provided that in case a recognised stock exchange enters into an arrangement with more than one recognised clearing corporation, it shall enter into a multipartite agreement in writing with such recognised clearing corporations to ensure interoperability among the clearing corporations. ] (2) The recognised stock exchange shall extend its arbitration mechanism for settlement of disputes or claims arising out of clearing and settlement of trades executed on such stock exchange. ************** NOTES:- 1. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/21 dated 04-06-2019