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ARTICLE · 10 JANUARY 2025

Finance | October Edition 2024 - Market Infrastructure Institutions

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SEBI, vide circular dated October 14, 2024, has issued a corrigendum clarifying references to its September 20, 2024, circular regarding the payment of financial disincentives...

IndiaFinance and Banking
Anish Mashruwala
Anish Mashruwala
Pratish Kumar
Pratish Kumar
Madhur Bhatt
Madhur Bhatt
Anmol Narang
Anmol Narang
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SOP for payment of financial disincentives by Market Infrastructure Institutions

SEBI, vide circular dated October 14, 2024, has issued a corrigendum clarifying references to its September 20, 2024, circular regarding the payment of financial disincentives by Market Infrastructure Institutions ("MIIs") as a result of technical glitch. The amendments did not explicitly give reference to relevant sections of the Master Circular for commodity derivatives segment dated August 4, 2023 ("Master Circular"). Accordingly, SEBI has made references to the relevant sections of the Master Circular which are to be read with the relevant sections of the circular dated September 20, 2024. Further, the following is inserted in the Master Circular:

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