Regulation 39 - Equal, fair and transparent access - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Equal, fair and transparent access 39. (1) The recognised clearing corporation shall lay down a policy framework for ensuring that there is no discrimination while rendering clearing and settlement services in settlement of trades executed on shareholder stock exchange(s) and executed on non-shareholder stock exchange(s). (2) The framework under sub-regulation (1) shall be made available on the website of the clearing corporation and shall provide the basis on which access to clearing and settlement services of the clearing corporation has been provided to a shareholder stock exchange(s) along-with the manner in which the said requirements should be complied by a non-shareholder stock exchange(s) to obtain access to clearing and settlement services. (3) The recognised clearing corporation and recognised stock exchange shall ensure equal, unrestricted, transparent and fair access to all persons without any bias towards its associates and related entities. (4) If any issue arises in rendering non-discriminatory access to services of a recognized clearing corporation, the Board s decision shall be final.