Eligibility criteria, market structure and governance of Derivative Exchange - SEBI - SEBI/DNPD/Cir-37/2008

Chief General Manager Derivatives and New Products Department SEBI/DNPD/Cir-37/2008 March 11, 2008 To The Managing Director / Executive Director of Derivative Segment of NSE BSE and their Clearing House / Corporation. Dear Sir, This is in continuation of SEBI Circular No. IES/DC/8726/00 dated May 31, 2000 and Circular No. SMDRP/DC/CIR-14/02 dated December 18, 2002 regarding the eligibility criteria, market structure and governance of Derivative Exchange / Segment and their Clearing House / Corporation Exchanges are, henceforth, advised to submit, on a half-yearly basis i.e. on 30th June and 31st December, every year (starting with 31st December, 2007), the following information with regard to the Governing Council / Executive Committee of Derivative Exchange / Segment, with regard to the Clearing Council / Executive Committee of Derivatives Clearing House / Clearing Corporation, as well as with regard to the Statutory Committees i.e., Disciplinary Action Committee, Arbitration Committee and Defaulters Committee: The name of the members of the respective Committee / Council. The respective categories to which they belong and The date of their appointment / nomination to the Committee / Council. In addition to the above, the Exchanges are also advised to send complete bio-data of members of the respective committees highlighting necessary professional competence and experience in the areas related to securities / derivatives markets. Yours faithfully, Dr. Sanjeevan Kapshe