{"id":4205,"date":"2021-04-17T07:28:15","date_gmt":"2021-04-17T07:28:15","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=4205"},"modified":"2021-04-17T07:28:16","modified_gmt":"2021-04-17T07:28:16","slug":"sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/","title":{"rendered":"SEBI Notifies SCRA (Stock Exchanges &#038; Clearing Corporations) Regulations 2021"},"content":{"rendered":"\n<p>The Securities and Exchange Board of India, on 23.03.2021, has passed a Notification No SEBI\/LAD-NRO\/GN\/2021\/12, prescribing the Stock Exchanges &amp; Clearing Corporations Regulations 2021. The said rules seek to amend the provisions of SCRA (Stock Exchanges and Clearing Corporations) Regulations 2018.<\/p>\n\n\n\n<p>These regulations are passed under the\nambit of the powers provided by sections 4, 8A, and 31 of the Securities\nContracts (Regulation) Act 1956, together with <\/p>\n\n\n\n<p>Also, it shall be noted that these\namended regulations will come into force from the date of publication in the\nOfficial Gazette.<\/p>\n\n\n\n<p>In this learning blog, we will cover the\nkey changes and amendments bought by way of SCRA (Stock Exchanges &amp;\nClearing Corporations) Regulations 2021.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a8f5e7d970\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a8f5e7d970\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Key_Provisions_of_SCRA_Stock_Exchanges_Clearing_Corporations_Regulations_2021\" title=\"Key Provisions of SCRA (Stock Exchanges &amp; Clearing Corporations) Regulations 2021\">Key Provisions of SCRA (Stock Exchanges &amp; Clearing Corporations) Regulations 2021<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Insertion_of_Clause_hb\" title=\"Insertion of Clause (hb)\">Insertion of Clause (hb)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Insertion_of_Clause_oa\" title=\"Insertion of Clause (oa)\">Insertion of Clause (oa)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Renumbering_of_Clause_ra_rb_rc\" title=\"Renumbering of Clause (ra), (rb), (rc)\">Renumbering of Clause (ra), (rb), (rc)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Substitution_of_Sub_regulation_1_Regulation_11\" title=\"Substitution of Sub regulation (1) Regulation 11\">Substitution of Sub regulation (1) Regulation 11<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Substitutions_in_Regulation_52\" title=\"Substitutions in Regulation 52\">Substitutions in Regulation 52<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Insertion_of_Annexure_III\" title=\"Insertion of Annexure III\">Insertion of Annexure III<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/sebi-notifies-scra-stock-exchanges-clearing-corporations-regulations-2021\/#Official_SCRA_Stock_Exchange_Clearing_Corporations_Regulations_2021\" title=\"Official SCRA (Stock Exchange &amp; Clearing Corporations) Regulations 2021\">Official SCRA (Stock Exchange &amp; Clearing Corporations) Regulations 2021<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Provisions_of_SCRA_Stock_Exchanges_Clearing_Corporations_Regulations_2021\"><\/span>Key Provisions of SCRA (Stock Exchanges &amp; Clearing Corporations) Regulations 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key provisions or amendments are as\nfollows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insertion_of_Clause_hb\"><\/span>Insertion of Clause (hb)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It shall be noted that after the\nprovisions of clause (ha), the following clause will be inserted, namely, (hb).\nThe said clause states that \u2018financial\nyear\u2019 denotes the period of twelve months starting on the first day of April every\nyear.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insertion_of_Clause_oa\"><\/span>Insertion of Clause (oa)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It shall be noted that after the\nprovisions of clause (o), the following clause will be inserted, namely, (oa).\nThe said clause states that \u2018quarter\u2019 denotes the period of three months\nstarting on the first day of April, July, October, and January of each\nfinancial year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Renumbering_of_Clause_ra_rb_rc\"><\/span>Renumbering of Clause (ra), (rb), (rc)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Clause (ra), (rb), and (rc) will\nrespectively be renumbered now as clause (rb), (rc), and (rd), and it shall be\nnoted that prior to the clauses so renumbered, the following new clause will be\ninserted, namely, (ra).<\/p>\n\n\n\n<p>Further, the said newly inserted clause states that \u2018regulatory fee\u2019 denotes fees imposed by the SEBI under these regulations for carrying out the operations and functions under the Act and the <strong>SEBI Act 1992<\/strong><sup><a rel=\"noreferrer noopener\" href=\"https:\/\/www.sebi.gov.in\/acts\/act15ac.pdf\" target=\"_blank\"><strong>[1]<\/strong><\/a><\/sup>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Substitution_of_Sub_regulation_1_Regulation_11\"><\/span>Substitution of Sub regulation (1) Regulation 11<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The sub regulation (1) of Rule 11 will\nnow be substituted with the new one, which is as follows:<\/p>\n\n\n\n<ul><li>Every\nRSE (Recognised Stock Exchange) will be charged with a regulatory fee payable\nto the SEBI at such rates and time as is prescribed in sub regulation (2) and\nsubregulation (3). <\/li><\/ul>\n\n\n\n<p>Also, it shall be noteworthy to note\nthat after sub regulation (1), the new sub regulation, namely (2),shall be\ninserted. Moreover, the existing sub regulation (2) will now be renumbered as\nsub regulation (9).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Substitutions_in_Regulation_52\"><\/span>Substitutions in Regulation 52<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In sub regulation (2), the word\n\u2018referred in sub regulation 1\u2019 will be inserted after the words \u2018and circulars\u2019\nand before the words \u2018before the\u2019.<\/p>\n\n\n\n<p>Also, it shall be taken into\nconsideration that new sub regulation (4) and (5) will be inserted after sub\nregulation (3).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insertion_of_Annexure_III\"><\/span>Insertion of Annexure III<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After Annexure II, a new annexure named\nAnnexure III will be inserted, which is as follows:<\/p>\n\n\n\n<p>Schedule III<\/p>\n\n\n\n<p>Part A<\/p>\n\n\n\n<p>See Regulation 11 (1)<\/p>\n\n\n\n<p>Rate of the Charged Regulatory Fees<\/p>\n\n\n\n<table class=\"wp-block-table aligncenter\"><tbody><tr><td>\n  Sr.\n  No\n  (1)\n  <\/td><td>\n  Annual\n  Turnover (Rupees in Crores)\n  (2)\n  <\/td><td>\n  Amount\n  of Fees (in Rs)\n  (3)\n  <\/td><\/tr><tr><td>   \u00a01.   <\/td><td>\n  Less\n  than or equal to Rs 10, 000\n  <\/td><td>\n  Rs\n  1, 00, 000\n  <\/td><\/tr><tr><td>   \u00a0 2.  <\/td><td>\n  More\n  than Rs 10, 000 but less than or equal to Rs 1, 00, 000\n  <\/td><td>\n  Rs\n  10, 00, 000\n  <\/td><\/tr><tr><td>   \u00a0     3. <\/td><td>\n  More\n  than Rs 1, 00, 000 but less than or equal to Rs 5, 00, 000\n  <\/td><td>\n  Rs\n  50, 00, 000\n  <\/td><\/tr><tr><td>   \u00a04.   <\/td><td>\n  More\n  than Rs 5, 00, 000 but less than or equal to Rs 10, 00, 000\n  <\/td><td>\n  Rs\n  1, 00, 00, 000\n  <\/td><\/tr><tr><td>   \u00a0 5.  <\/td><td>\n  More\n  than Rs 10, 00, 000\n  <\/td><td>\n  Rs\n  1, 00, 00, 000 plus 0.000012 percent of the total annual turnover in excess\n  of Rs 10, 00, 000 crores.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\na nutshell, on 23.03.2021, the apex market regulator, i.e., SEBI, has passed the\nSCRA (Stock Exchanges &amp; Clearing Corporations) Regulations 2021, which seek\nto amend the provisions of SCRA (Stock Exchanges and Clearing Corporations)\nRegulations 2018.<\/p>\n\n\n\n<p>Further, the amended provisions will come into effect from the date of publication in the official gazette. <\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/sebi-investment-advisers-second-amendment-regulations-2021\/\">SEBI (Investment Advisers) (Second Amendment) Regulations 2021: A Guide<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_SCRA_Stock_Exchange_Clearing_Corporations_Regulations_2021\"><\/span>Official SCRA (Stock Exchange &amp; Clearing Corporations) Regulations 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/04\/226050_compressed.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">226050_compressed<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India, on 23.03.2021, has passed a Notification No SEBI\/LAD-NRO\/GN\/2021\/12, prescribing the Stock Exchanges &amp; Clearing Corporations Regulations 2021. The said rules seek to amend the provisions of SCRA (Stock Exchanges and Clearing Corporations) Regulations 2018. These regulations are passed under the ambit of the powers provided by sections 4, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[64],"tags":[585],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4205"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=4205"}],"version-history":[{"count":3,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4205\/revisions"}],"predecessor-version":[{"id":4210,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/4205\/revisions\/4210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/4206"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=4205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=4205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=4205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}