Dispute Resolution Mechanism for Limited Purpose Clearing Corporation (LPCC)

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..... rpose Clearing Corporation (LPCC) 1. Regulation 22F of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 ( SECC Regulations ) mandates a recognized LPCC to put in place a dispute resolution mechanism, for settlement of disputes or claims arising out of transactions cleared and settled by it, in the manner as specified by the Board in consultati .....

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..... panel shall be final and binding on the parties to the dispute. (iii) Subject to the mechanism prescribed by SEBI from time to time in terms of 2(a)(i) above, a Clearing Member, if not satisfied with the decision of the arbitration panel, may follow the procedure laid down in the Payment and Settlement Systems Act, 2007 and rules/ directions notified thereunder. b) Disputes between Clearing .....

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..... g out of any transactions cleared and settled or intended to be cleared and/or settled by the LPCC shall be resolved as per the dispute resolution mechanism prescribed by SEBI from time to time. d) Disputes between the LPCC and its vendors/suppliers/service providers Disputes arising between the LPCC and its vendors/ suppliers/ service providers shall be resolved as per the dispute resolut .....

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