Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions

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Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions - Business Standard

Quick Summary:

Markets regulator Sebi has renewed its recognition of AMC Repo Clearing Ltd as a clearing corporation for one year till January 16, 2026 for clearing and settling transactions in repo and reverse repo in debt securities.

Under the rules, AMC Repo Clearing Ltd will not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange.

Earlier, the Securities and Exchange Board of India (Sebi) had granted recognition to such clearing corporations in January 2023.