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  3. Sebi renews licences of NSE Clearing, Indian Clearing Corp for three ye…

Sebi renews licences of NSE Clearing, Indian Clearing Corp for three years

28 Sept 2023

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Key Takeaways

  • The renewed licenses will help smoother trade operations for NSE Clearing Ltd and ICCL.

  • NSE recently proposed to extend the trading hours to give people the chance to react quickly to global events & compete with other key market players

  • The renewed licenses will help smoother trade operations for NSE Clearing Ltd and ICCL.

  • NSE recently proposed to extend the trading hours to give people the chance to react quickly to global events & compete with other key market players

NSE limited unlisted shares

National Stock Exchange (NSE)

DRHP filed0.00%

Expert Analysis

SEBI renews licenses for NSE Clearing Ltd and Indian Clearing Corporation Ltd for three years.

Justification

  • The renewed licenses are valid until October 2, 2026.

  • NSE Clearing Ltd is a subsidiary of the National Stock Exchange  (NSE), while Indian Clearing Corporation Ltd ( ICCL)  is an arm of BSE.

  • SEBI considers the renewals in the interest of the trade, securities market, and the public.

  • Both entities handle clearing, settlement, deposit, collateral management, and risk management for NSE and BSE trades.

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