Penalty for Repeated Delivery Default

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..... stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021 . It is felt that there is a need to put in place a suitable deterrent mechanism to address instances of repeated delivery defaults. This is expected to further strengthen the delivery mechanism and ensure market integrity. 2. In view of the above, in consultation with Clearing Corporations ( .....

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..... rities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. This circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Vishal V. Nair Deputy General Manager Division of Risk Management Commodity Derivatives Market Regulation Department .....

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