Renewal of recognition to United Stock Exchange of India Limited. - LAD-NRO/GN/2009-10/31/200006 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 26 th March, 2010 No. LAD-NRO/GN/2009-10/31/200006.- The Securities and Exchange Board of India, having considered the application for recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by United Stock Exchange of India Limited, having its registered office at 25th Floor, West Wing, P. J. Tower, Dalai Street, Fort, Mumbai-400001 and being satisfied that it would be in the interest of the trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred under Section 4 of the Securities Contracts (Regulation) Act, 1956, recognition to the said Exchange under Section 4 of the said Act for a period of one year commencing on the 23rd day (if March, 2010 mid ending on 21st day of March, 2011 in respect of contracts in securities subject to the conditions stated herein below or as prescribed or imposed hereafter: The Exchange shall ensure full compliance with the relevant provisions of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognized Stock Exchanges) Regulations, 2006 within a period of one year (i.e., till March 21st, 2011). The Exchange shall initially operationalise exchange traded currency derivative segment (all four pairs of currency) only, further, the exchange shall not be eligible for any new product class in the currency segment till such time it is fully compliant with the above mentioned Regulations. The Exchange shall comply with such other conditions as may be prescribed by SEBI from time to time. C. B. Bhave, Chairman [ADVT [l]/4/69 ZB/09-Exty.