Credit of Penalty for short-collection/non-collection of Margins on Commodity Derivatives Segments to Core SGF

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..... ring Corporations having Commodity Derivatives Segment IPF Trusts of Recognised Stock Exchanges Sir / Madam, Sub: Credit of Penalty for short-collection/non-collection of Margins on Commodity Derivatives Segments to Core SGF 1. SEBI vide circular SEBI/HO/CDMRD/DRMP/CIR/P/2016/80 dated September 07, 2016 prescribed mechanism for levying penalties on short-col .....

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..... 4. In this regard, in order to bring uniformity and make it compliant with the aforesaid provisions of the SECC Regulations, it is hereby clarified that all penalties levied on short-collection/non-collection of Margins as prescribed by SEBI Circular dated September 07, 2016 shall be credited to Core SGF only. Thus para 3.x of SEBI circular dated September 07, 2016 stands modified accordingl .....

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..... on 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 7. This circular shall be effective from the date of the circular. 8. This circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Prasad Jagadale .....

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