LI Network
Published on: 19 April 2023 at 13:12 IST
SEBI has issued a circular introducing a way to resolve disagreements related to Limited Purpose Clearing Corporation (LPCC).
This mechanism will handle any disputes or complaints that may arise from transactions cleared and settled by the regulator, following the guidelines set by SEBI in collaboration with the Reserve Bank of India (RBI).
The circular has been released under the authority given by Section 11(1) of the Securities and Exchange Board of India Act, 1992, with the goal of safeguarding the rights of securities investors and encouraging the growth and supervision of the securities market.
The mechanism for resolving disagreements will be utilized to resolve conflicts among clearing members, disagreements between clearing members and their customers, discrepancies between the LPCC and its suppliers, and disputes involving clearing members or their clients and the LPCC.
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