New Delhi : Capital Markets Regulator Sebi has renewed its recognition to AMC Repo Clearing Ltd as a clearing Corporation for one year for clearing and settling transactions in repo and reverse repo in debt securities.
The regulator has granted renewal of recognition for a period of one year commencing tomorrow (January 17, 2024) to Jan 16, 2025, according to a Sebi notification which was uploaded on Tuesday.
As per 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 recognized stock exchange.
