TMI BlogPenalty for Repeated Delivery DefaultX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 (CCs), the following has been decided: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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
[email protected] X X X X Extracts X X X X X X X X Extracts X X X X
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